Stock Technical indicators to notice in EUROKAI VZ (EUK3.DE)
1- Last bullish trend was from 27.65 $ (5/6/2011) to 29.14 $ (5/12/2011) a 1.49 $ move 2- The current bearish trend started from 29.14 $ at 5/12/2011 and is currently trading at 26.54 $.
EUROKAI VZ (EUK3.DE) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 4.010 $ height triangle which was broken down at 28.580, target of the pattern is 24.570.
EUROKAI VZ (EUK3.DE) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 25.490 and 25.130, and is currently supporting at 25.865.
EUROKAI VZ (EUK3.DE) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 29.500 and 34.250, and is currently resisting at 28.590.
Stock Trading Conclusion:
EUROKAI VZ (EUK3.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 : 27.15, 27.53, 27.84, 28.15, 28.59, 29.14, 30.89.
Stock Support levels : 25.86,.
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