Stock Technical indicators to notice in TECHTRONIC IND (TIB1.F)
1- Last bearish trend was from 1.03 $ (4/5/2012) to 0.90 $ (4/30/2012) a 0.13 $ move 2- The current bullish trend started from 0.90 $ at 4/30/2012 and is currently trading at 0.95 $.
4- TIB1.F current resistance level is at 0.96 which is the 50.00 % fibonacci retracement of the last 0.13 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
TECHTRONIC IND (TIB1.F) Short term stock chart patterns for internet stock trading :
None.
TECHTRONIC IND (TIB1.F) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 0.900 and 0.880, and is currently supporting at 0.902.
TECHTRONIC IND (TIB1.F) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 0.880 and 0.820 that was broken down at 0.960 transforming into a resistance line.
Stock Trading Conclusion:
TECHTRONIC IND (TIB1.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 : 0.965, 0.980, 1.003, 1.030, 1.065, 1.110.
Stock Support levels : 0.950, 0.938, 0.931, 0.931, 0.925, 0.919, 0.902, 0.900,.
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