Stock Technical indicators to notice in SUEZ (LYO.DE)
1- Last bullish trend was from 34.89 $ (8/13/2008) to 38.08 $ (8/29/2008) a 3.19 $ move 2- The current bearish trend started from 38.08 $ at 8/29/2008 and is currently trading at 25.25 $.
SUEZ (LYO.DE) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bearish stock channel identifed by support at 34.890 and 40.400,resistance between 38.080 and 45.020 which was broken up at 25.250.
SUEZ (LYO.DE) Mid term stock chart patterns for internet stock trading :
5- The Stock traded in a bearish stock channel identifed by support at 34.890 and 40.400,resistance between 38.080 and 45.020 which was broken up at 25.250.
SUEZ (LYO.DE) Long term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 34.890 and 40.400,resistance between 38.080 and 45.020 which was broken up at 25.250.
Stock Trading Conclusion:
SUEZ (LYO.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 : 28.28, 30.15, 31.67, 33.18, 38.08.
Stock Support levels : 24.20,.
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