Stock Technical indicators to notice in WD-NY (WDR.F)
1- Last bullish trend was from 0.03 $ (11/9/2011) to 0.08 $ (11/11/2011) a 0.05 $ move 2- The current bearish trend started from 0.08 $ at 11/11/2011 and is currently trading at 0.05 $.
4- WDR.F current resistance level is at 0.05 which is the 50.00 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
WD-NY (WDR.F) Short term stock chart patterns for internet stock trading :
None.
WD-NY (WDR.F) Mid term stock chart patterns for internet stock trading :
None.
WD-NY (WDR.F) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
WD-NY (WDR.F) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 0.055, 0.057, 0.061, 0.061, 0.065, 0.068, 0.069, 0.070, 0.080,.
Stock Support levels : 0.049, 0.030, 0.016,.