Stock Technical indicators to notice in DANA PETROLEUM (D5H.DE)
1- Last bullish trend was from 12.70 $ (4/8/2009) to 16.50 $ (7/27/2009) a 3.80 $ move 2- The current bearish trend started from 16.50 $ at 7/27/2009 and is currently trading at 14.01 $.
4- D5H.DE current resistance level is at 14.15 which is the 61.80 % fibonacci retracement of the last 3.80 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
DANA PETROLEUM (D5H.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 12.700 and 7.500 that was broken down at 14.010 transforming into a resistance line.
DANA PETROLEUM (D5H.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 12.700 and 7.500 that was broken down at 14.010 transforming into a resistance line.
DANA PETROLEUM (D5H.DE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 12.700 and 7.500 that was broken down at 14.010 transforming into a resistance line.
Stock Trading Conclusion:
DANA PETROLEUM (D5H.DE) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 14.15, 14.60, 14.60, 14.96, 15.05, 15.26, 15.55, 15.60, 16.17, 16.50,.
Stock Support levels : 12.70, 11.67,.
