Stock Technical indicators to notice in NAT BANK GREECE REG (NAG.DE)
1- Last bullish trend was from 4.25 $ (5/25/2011) to 4.44 $ (5/26/2011) a 0.19 $ move 2- The current bearish trend started from 4.44 $ at 5/26/2011 and is currently trading at 4.25 $.
4- NAG.DE current resistance level is at 4.25 which is the 100.00 % fibonacci retracement of the last 0.19 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
NAT BANK GREECE REG (NAG.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 4.440 and 4.800, and is currently resisting at 4.380.
NAT BANK GREECE REG (NAG.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 6.350 and 6.810,resistance between 7.250 and 7.800 which was broken down at 4.950.
NAT BANK GREECE REG (NAG.DE) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 6.350 and 6.810,resistance between 7.250 and 7.800 which was broken down at 4.950.
Stock Trading Conclusion:
NAT BANK GREECE REG (NAG.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 : 4.29, 4.32, 4.35, 4.37, 4.38, 4.40, 4.44, 5.43, 7.80.
Stock Support levels : 4.20,.
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