Stock Technical indicators to notice in ALIBABA.COM (4AL.DE)
1- Last bearish trend was from 1.31 $ (3/15/2012) to 1.25 $ (4/2/2012) a 0.06 $ move 2- The current bullish trend started from 1.25 $ at 4/2/2012 and is currently trading at 1.31 $.
4- 4AL.DE current resistance level is at 1.33 which is the 127.20 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bullish,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.
ALIBABA.COM (4AL.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 1.250 and 0.830 that was broken down at 1.260 transforming into a resistance line.
ALIBABA.COM (4AL.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 0.830 and 0.740, and is currently supporting at 1.010.
ALIBABA.COM (4AL.DE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.830 and 0.730, and is currently supporting at 0.990.
Stock Trading Conclusion:
ALIBABA.COM (4AL.DE) was trading in a bullish wave, which is becoming weaker .
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 : 1.33, 1.35, 1.52.
Stock Support levels : 1.30, 1.29, 1.28, 1.27, 1.26, 1.25, 1.01,.
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