Stock Technical indicators to notice in DRDGOLD (DUB1.DE)
1- Last bearish trend was from 0.40 $ (5/18/2011) to 0.32 $ (5/20/2011) a 0.08 $ move 2- The current bullish trend started from 0.32 $ at 5/20/2011 and is currently trading at 0.40 $.
4- DUB1.DE current resistance level is at 0.42 which is the 127.20 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
DRDGOLD (DUB1.DE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.400 .
DRDGOLD (DUB1.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 0.400 .
DRDGOLD (DUB1.DE) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.590 .
Stock Trading Conclusion:
DRDGOLD (DUB1.DE) was trading in a strong bearish 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 : 0.422, 0.449, 0.590.
Stock Support levels : 0.381, 0.370, 0.369, 0.360, 0.351, 0.339, 0.320,.
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