Stock Technical indicators to notice in TRIPLAN (TPN.F)
1- Last bullish trend was from 2.10 $ (3/28/2012) to 2.20 $ (3/30/2012) a 0.10 $ move 2- The current bearish trend started from 2.20 $ at 3/30/2012 and is currently trading at 1.94 $.
TRIPLAN (TPN.F) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 0.260 $ height triangle which was broken down at 2.030 in higher than usual volume, target of the pattern is 1.770.
TRIPLAN (TPN.F) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 2.010 and 1.590 that was broken down at 2.150 transforming into a resistance line.
TRIPLAN (TPN.F) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 2.010 and 1.590 that was broken down at 2.150 transforming into a resistance line.
Stock Trading Conclusion:
TRIPLAN (TPN.F) was trading in a 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 : 2.00, 2.04, 2.07, 2.10, 2.20, 2.24, 2.38,.
Stock Support levels : 1.77.
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