Stock Technical indicators to notice in US AIRWAYS GROUP (USG1.F)
1- Last bearish trend was from 7.09 $ (4/20/2012) to 6.72 $ (4/24/2012) a 0.37 $ move 2- The current bullish trend started from 6.72 $ at 4/24/2012 and is currently trading at 8.07 $.
US AIRWAYS GROUP (USG1.F) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bullish stock channel identifed by support at 6.720 and 5.590,resistance between 7.090 and 5.970, the stock channel is currently supported from below by 7.724 and resisted from above by 8.210.
US AIRWAYS GROUP (USG1.F) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 5.590 and 5.320, and is currently supporting at 5.896.
US AIRWAYS GROUP (USG1.F) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 2.020 $ height triangle which was broken up at 5.230, target of the pattern is 7.250.
Stock Trading Conclusion:
US AIRWAYS GROUP (USG1.F) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : .
Stock Support levels : 7.75, 7.55, 7.39, 7.24, 6.72, 5.90,.
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