Stock Technical indicators to notice in TELE2 -B- (NCYB.DE)
1- Last bearish trend was from 8.81 $ (1/26/2010) to 8.15 $ (2/5/2010) a 0.66 $ move 2- The current bullish trend started from 8.15 $ at 2/5/2010 and is currently trading at 16.50 $.
TELE2 -B- (NCYB.DE) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Top Pattern at 8.810 that failed, and formed a support .
TELE2 -B- (NCYB.DE) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 9.220 and 10.520 that was broken up at 8.950 transforming into a supporting line.
TELE2 -B- (NCYB.DE) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 9.220 and 10.520 that was broken up at 8.950 transforming into a supporting line.
Stock Trading Conclusion:
TELE2 -B- (NCYB.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 : .
Stock Support levels : 14.53, 13.31, 12.32, 11.34, 8.91, 8.87, 8.40, 8.15, 6.30,.
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