Stock Technical indicators to notice in DUERR (DUE.DE)
1- Last bullish trend was from 47.73 $ (4/30/2012) to 49.75 $ (5/2/2012) a 2.02 $ move 2- The current bearish trend started from 49.75 $ at 5/2/2012 and is currently trading at 48.44 $.
4- DUE.DE current resistance level is at 48.50 which is the 61.80 % fibonacci retracement of the last 2.02 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
DUERR (DUE.DE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 49.750 .
7- The Stock formed a 4.250 $ height triangle which was broken down at 47.500, target of the pattern is 43.250.
DUERR (DUE.DE) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 45.310 and 43.990, and is currently supporting at 45.904.
DUERR (DUE.DE) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 28.960 and 22.670 that was broken down at 32.690 transforming into a resistance line.
Stock Trading Conclusion:
DUERR (DUE.DE) was trading in a bearish wave, which is becoming stronger .
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 : 48.50, 48.74, 48.75, 48.94, 48.98, 49.10, 49.25, 49.27, 49.35, 49.67, 49.75, 49.94, 69.84.
Stock Support levels : 47.92, 47.73, 47.18, 46.48, 45.90,.
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