Stock Technical indicators to notice in PIRELLI and C. (PIL.DE)
1- Last bullish trend was from 0.47 $ (7/19/2010) to 0.50 $ (7/20/2010) a 0.03 $ move 2- The current bearish trend started from 0.50 $ at 7/20/2010 and is currently trading at 0.49 $.
4- PIL.DE current resistance level is at 0.49 which is the 23.60 % fibonacci retracement of the last 0.03 $ 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.
PIRELLI and C. (PIL.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 0.470 and 0.410 that was broken down at 0.490 transforming into a resistance line.
PIRELLI and C. (PIL.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 0.410 and 0.450,resistance between 0.480 and 0.490 which was broken up at 0.440 in higher than usual volume.
PIRELLI and C. (PIL.DE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.410 and 0.380, and is currently supporting at 0.427.
Stock Trading Conclusion:
PIRELLI and C. (PIL.DE) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 0.492, 0.492, 0.493, 0.494, 0.495, 0.496, 0.500,.
Stock Support levels : 0.489, 0.485, 0.481, 0.470, 0.462, 0.451, 0.450, 0.427,.
