Stock Technical indicators to notice in GAP (GAP.DE)
1- Last bullish trend was from 14.50 $ (3/15/2011) to 15.33 $ (3/16/2011) a 0.83 $ move 2- The current bearish trend started from 15.33 $ at 3/16/2011 and is currently trading at 13.85 $.
GAP (GAP.DE) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 14.500 and 9.480 that was broken down at 13.850 transforming into a resistance line.
GAP (GAP.DE) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 15.330 and 16.000, and is currently resisting at 15.328.
GAP (GAP.DE) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 15.330 and 16.000, and is currently resisting at 15.328.
Stock Trading Conclusion:
GAP (GAP.DE) was trading in a bearish wave, which is becoming stronger .
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 : 14.20, 14.42, 14.53, 14.59, 14.76, 15.33, 15.33.
Stock Support levels :.
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