Stock Technical indicators to notice in COAL OF AFRICA (G1V.DE)
1- Last bullish trend was from 0.85 $ (3/22/2011) to 1.00 $ (5/17/2011) a 0.15 $ move 2- The current bearish trend started from 1.00 $ at 5/17/2011 and is currently trading at 0.90 $.
4- G1V.DE current resistance level is at 0.91 which is the 61.80 % fibonacci retracement of the last 0.15 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
COAL OF AFRICA (G1V.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.000 and 1.450 that was broken up at 0.900 transforming into a supporting line.
COAL OF AFRICA (G1V.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 1.000 and 1.450 that was broken up at 0.900 transforming into a supporting line.
COAL OF AFRICA (G1V.DE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 1.000 and 1.450 that was broken up at 0.900 transforming into a supporting line.
Stock Trading Conclusion:
COAL OF AFRICA (G1V.DE) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.907, 0.924, 0.925, 0.938, 0.943, 0.950, 0.962, 0.965, 1.000, 1.450,.
Stock Support levels : 0.850, 0.809, 0.788,.
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