Stock Technical indicators to notice in LOGWIN (TGH.F)
1- Last bullish trend was from 0.91 $ (4/23/2012) to 0.99 $ (5/2/2012) a 0.08 $ move 2- The current bearish trend started from 0.99 $ at 5/2/2012 and is currently trading at 0.96 $.
4- TGH.F current resistance level is at 0.97 which is the 23.60 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
LOGWIN (TGH.F) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.990 and 1.090, and is currently resisting at 0.972.
LOGWIN (TGH.F) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 1.090 .
LOGWIN (TGH.F) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 1.090 and 1.150, and is currently resisting at 1.079.
Stock Trading Conclusion:
LOGWIN (TGH.F) was trading in a strong bearish 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 : 0.967, 0.971, 0.971, 0.972, 0.975, 0.979, 0.990, 1.079, 1.090.
Stock Support levels : 0.959, 0.950, 0.941, 0.910, 0.888,.
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