Stock Technical indicators to notice in MAROC TELECOM (MSPA.DE)
1- Last bearish trend was from 14.50 $ (4/14/2009) to 11.98 $ (12/29/2009) a 2.52 $ move 2- The current bullish trend started from 11.98 $ at 12/29/2009 and is currently trading at 14.27 $.
4- MSPA.DE current resistance level is at 14.50 which is the 100.00 % fibonacci retracement of the last 2.52 $ 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.
MAROC TELECOM (MSPA.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 14.500 and 15.000 that was broken up at 12.600 transforming into a supporting line.
MAROC TELECOM (MSPA.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 15.890 and 18.480 that was broken up at 15.790 transforming into a supporting line.
MAROC TELECOM (MSPA.DE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 15.890 and 18.480 that was broken up at 15.790 transforming into a supporting line.
Stock Trading Conclusion:
MAROC TELECOM (MSPA.DE) was trading in a strong bullish 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 : 14.50, 15.19, 16.06.
Stock Support levels : 13.73, 13.54, 13.40, 13.24, 13.13, 12.94, 12.85, 12.57, 11.98, 7.00, -3.10,.
