Stock Technical indicators to notice in MITSUI O.S.K.LINES (MILA.DE)
1- Last bullish trend was from 0.44 $ (6/22/2010) to 0.49 $ (6/24/2010) a 0.05 $ move 2- The current bearish trend started from 0.49 $ at 6/24/2010 and is currently trading at 0.44 $.
4- MILA.DE current resistance level is at 0.44 which is the 100.00 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
MITSUI O.S.K.LINES (MILA.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 0.440 and 0.280 that was broken down at 0.480 transforming into a resistance line.
MITSUI O.S.K.LINES (MILA.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.490 and 0.620, and is currently resisting at 0.458.
MITSUI O.S.K.LINES (MILA.DE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.490 and 0.620, and is currently resisting at 0.458.
Stock Trading Conclusion:
MITSUI O.S.K.LINES (MILA.DE) was trading in a strong bearish wave, which is becoming weaker .
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 : 0.452, 0.458, 0.459, 0.465, 0.471, 0.478, 0.490, 0.560.
Stock Support levels : 0.426,.
