Stock Technical indicators to notice in WIRECARD (WDI.F)
1- Last bullish trend was from 13.47 $ (4/23/2012) to 14.14 $ (4/25/2012) a 0.67 $ move 2- The current bearish trend started from 14.14 $ at 4/25/2012 and is currently trading at 13.53 $.
4- WDI.F current resistance level is at 13.73 which is the 61.80 % fibonacci retracement of the last 0.67 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
WIRECARD (WDI.F) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 13.470 and 13.780,resistance between 14.140 and 14.440, the stock channel is currently supported from below by 13.160 and resisted from above by 13.907.
WIRECARD (WDI.F) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 11.570 and 11.450, and is currently supporting at 12.362.
WIRECARD (WDI.F) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 10.800 and 9.800 that was broken down at 11.440 transforming into a resistance line.
Stock Trading Conclusion:
WIRECARD (WDI.F) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 13.67, 13.73, 13.76, 13.81, 13.84, 13.88, 13.91, 13.98, 14.14, 14.25, 17.44.
Stock Support levels : 13.47, 13.29, 13.06,.
