Stock Technical indicators to notice in RCM-BETEILUGUNGS (RCM.F)
1- Last bearish trend was from 1.52 $ (1/23/2012) to 1.45 $ (1/24/2012) a 0.07 $ move 2- The current bullish trend started from 1.45 $ at 1/24/2012 and is currently trading at 1.49 $.
4- RCM.F current resistance level is at 1.49 which is the 61.80 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
RCM-BETEILUGUNGS (RCM.F) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 1.520 .
7- The Stock formed a 0.100 $ height triangle.
RCM-BETEILUGUNGS (RCM.F) Mid term stock chart patterns for internet stock trading :
8- The Stock formed a 0.410 $ height triangle which was broken up at 1.450, target of the pattern is 1.860.
RCM-BETEILUGUNGS (RCM.F) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 1.440 and 1.310 that was broken down at 1.580 transforming into a resistance line.
Stock Trading Conclusion:
RCM-BETEILUGUNGS (RCM.F) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 1.49, 1.52, 1.54, 1.56, 1.70, 1.86.
Stock Support levels : 1.49, 1.48, 1.48, 1.47, 1.47, 1.47, 1.47, 1.45,.
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