Stock Technical indicators to notice in AVISTA (AV6.DE)
1- Last bearish trend was from 17.10 $ (1/14/2011) to 15.50 $ (4/18/2011) a 1.60 $ move 2- The current bullish trend started from 15.50 $ at 4/18/2011 and is currently trading at 17.38 $.
4- AV6.DE current resistance level is at 17.54 which is the 127.20 % fibonacci retracement of the last 1.60 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
AVISTA (AV6.DE) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 15.500 and 11.500,resistance between 17.100 and 13.300, the stock channel is currently supported from below by 16.833 and resisted from above by 19.731.
AVISTA (AV6.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 15.500 and 11.500,resistance between 17.100 and 13.300, the stock channel is currently supported from below by 16.833 and resisted from above by 19.731.
AVISTA (AV6.DE) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 7.000 $ height triangle which was broken up at 16.500, target of the pattern is 23.500.
Stock Trading Conclusion:
AVISTA (AV6.DE) 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 : 17.54, 18.09, 23.50.
Stock Support levels : 17.10, 16.94, 16.66, 16.49, 16.44, 16.31, 16.30, 16.22, 16.11, 15.88, 15.50,.
