Stock Technical indicators to notice in KONICA MINOLTA HLDG (KPI1.DE)
1- Last bullish trend was from 8.00 $ (7/12/2010) to 8.40 $ (7/13/2010) a 0.40 $ move 2- The current bearish trend started from 8.40 $ at 7/13/2010 and is currently trading at 5.39 $.
KONICA MINOLTA HLDG (KPI1.DE) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 8.000 and 7.100 that was broken down at 8.000 transforming into a resistance line.
KONICA MINOLTA HLDG (KPI1.DE) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 3.420 $ height triangle which was broken down at 7.300 in higher than usual volume, target of the pattern is 3.880.
KONICA MINOLTA HLDG (KPI1.DE) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 3.420 $ height triangle which was broken down at 7.300 in higher than usual volume, target of the pattern is 3.880.
Stock Trading Conclusion:
KONICA MINOLTA HLDG (KPI1.DE) was trading in a strong 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 : 6.10, 6.54, 6.89, 7.25, 7.45, 8.40, 8.51.
Stock Support levels : 3.88,.
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