Stock Technical indicators to notice in WALT DISNEY-DISNEY (WDP.F)
1- Last bearish trend was from 33.07 $ (4/2/2012) to 31.36 $ (4/10/2012) a 1.71 $ move 2- The current bullish trend started from 31.36 $ at 4/10/2012 and is currently trading at 33.39 $.
4- WDP.F current resistance level is at 33.54 which is the 127.20 % fibonacci retracement of the last 1.71 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
WALT DISNEY-DISNEY (WDP.F) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 33.070 that failed, and formed a support .
7- The Stock was resisted by a resistance line, identified by two points: 33.070 and 33.160 that was broken up at 33.110 transforming into a supporting line.
WALT DISNEY-DISNEY (WDP.F) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 29.340 and 25.140 that was broken down at 32.900 transforming into a resistance line.
WALT DISNEY-DISNEY (WDP.F) Long term stock chart patterns for internet stock trading :
9- The Stock formed Double Bottom Pattern at 21.800 .
10- The Stock formed a 10.300 $ height triangle which was broken up at 23.670, target of the pattern is 33.970.
Stock Trading Conclusion:
WALT DISNEY-DISNEY (WDP.F) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 33.54, 33.97, 34.13, 35.33.
Stock Support levels : 33.07, 32.91, 32.90, 32.61, 32.42, 32.38, 32.22, 32.14, 32.01, 31.76, 31.36, 21.30,.
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