AEON STORES (HK) (XETRA: AVK.DE) (ETR:AVK) Stock Research Trends Targets and Technical Analysis - XETRA DAX stock exchange [en]

Today we will analyze the stock AEON STORES (HK) (AVK.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in AEON STORES (HK) (AVK.DE)
1- Last bearish trend was from 1.13 $ (9/9/2009) to 1.03 $ (10/12/2009) a 0.10 $ move 2- The current bullish trend started from 1.03 $ at 10/12/2009 and is currently trading at 1.13 $. 3- AVK.DE current support level is at 1.13 which is the 100.00 % fibonacci retracement of the last 0.10 $ move.
4- AVK.DE current resistance level is at 1.16 which is the 127.20 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
AEON STORES (HK) (AVK.DE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 1.130 .
7- The Stock formed a 0.280 $ height triangle which was broken down at 1.130, target of the pattern is 0.850.
AEON STORES (HK) (AVK.DE) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 1.130 .
9- The Stock formed a 0.280 $ height triangle which was broken down at 1.130, target of the pattern is 0.850.
AEON STORES (HK) (AVK.DE) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
AEON STORES (HK) (AVK.DE) was trading in a strong 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 : 1.16, 1.19, 1.20,.
Stock Support levels : 1.11, 1.09, 1.08, 1.08, 1.07, 1.05, 1.03, 0.85,.