Stock Technical indicators to notice in LUBRIZOL (LZL.DE)
1- Last bearish trend was from 107.00 $ (3/14/2011) to 84.50 $ (3/25/2011) a 22.50 $ move 2- The current bullish trend started from 84.50 $ at 3/25/2011 and is currently trading at 93.15 $.
4- LZL.DE current resistance level is at 95.75 which is the 50.00 % fibonacci retracement of the last 22.50 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
LUBRIZOL (LZL.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 84.500 and 38.000 that was broken down at 88.300 transforming into a resistance line.
LUBRIZOL (LZL.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 84.500 and 34.000, and is currently supporting at 88.159.
LUBRIZOL (LZL.DE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 84.500 and 34.000, and is currently supporting at 88.159.
Stock Trading Conclusion:
LUBRIZOL (LZL.DE) was trading in a strong bullish 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 : 95.75, 98.40, 103.88, 107.00, 113.12, 120.90.
Stock Support levels : 93.10, 91.11, 89.85, 89.81, 88.82, 88.16, 87.80, 84.50,.
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