Stock Technical indicators to notice in REPSOL YPF (REP.DE)
1- Last bullish trend was from 14.05 $ (4/23/2012) to 14.77 $ (4/27/2012) a 0.72 $ move 2- The current bearish trend started from 14.77 $ at 4/27/2012 and is currently trading at 13.88 $.
4- REP.DE current resistance level is at 14.05 which is the 100.00 % fibonacci retracement of the last 0.72 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
REPSOL YPF (REP.DE) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 14.050 and 18.000,resistance between 14.770 and 18.540 which was broken up at 13.900 in higher than usual volume.
REPSOL YPF (REP.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 20.220 and 23.970, and is currently resisting at 18.175.
REPSOL YPF (REP.DE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 19.900 and 18.540 that was broken down at 21.050 transforming into a resistance line.
Stock Trading Conclusion:
REPSOL YPF (REP.DE) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 14.05, 14.09, 14.22, 14.32, 14.33, 14.41, 14.43, 14.49, 14.60, 14.77, 18.17, 22.88.
Stock Support levels : 13.85, 13.61,.