Stock Technical indicators to notice in GALENICA N (G2A.DE)
1- Last bullish trend was from 478.20 $ (3/29/2012) to 515.50 $ (5/4/2012) a 37.30 $ move 2- The current bearish trend started from 515.50 $ at 5/4/2012 and is currently trading at 499.70 $.
4- G2A.DE current resistance level is at 501.25 which is the 38.20 % fibonacci retracement of the last 37.30 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
GALENICA N (G2A.DE) Short term stock chart patterns for internet stock trading :
None.
GALENICA N (G2A.DE) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 437.100 and 402.200, and is currently supporting at 493.102.
GALENICA N (G2A.DE) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 411.300 and 469.750 that was broken up at 386.500 transforming into a supporting line.
Stock Trading Conclusion:
GALENICA N (G2A.DE) was trading in a bearish wave, which is becoming weaker .
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 : 501.25, 503.43, 505.74, 506.70, 507.60, 509.46, 515.50,.
Stock Support levels : 496.85, 493.10, 492.45, 478.20, 468.05, 455.15,.
Related Stocks
| BEIJING JINGKELNG-H |
| MIND MED ADR |
| GOLAR LNG |
| GEODEX MINERALS |
| GELD ART |