Stock Technical indicators to notice in RUSSIA TOTAL RETURN (RR6.DE)
1- Last bearish trend was from 8.70 $ (7/7/2010) to 7.50 $ (3/25/2011) a 1.20 $ move 2- The current bullish trend started from 7.50 $ at 3/25/2011 and is currently trading at 8.00 $.
4- RR6.DE current resistance level is at 8.10 which is the 50.00 % fibonacci retracement of the last 1.20 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
RUSSIA TOTAL RETURN (RR6.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 8.700 and 9.300 that was broken up at 8.000 transforming into a supporting line.
RUSSIA TOTAL RETURN (RR6.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 8.700 and 9.300 that was broken up at 8.000 transforming into a supporting line.
RUSSIA TOTAL RETURN (RR6.DE) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 2.800 $ height triangle which was broken up at 8.000, target of the pattern is 10.800 which was broken down at 8.000, target of the pattern is 5.200.
Stock Trading Conclusion:
RUSSIA TOTAL RETURN (RR6.DE) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 8.10, 8.24, 8.70, 8.95, 9.03, 9.44, 10.80.
Stock Support levels : 7.96, 7.88, 7.81, 7.78, 7.75, 7.69, 7.50, 5.20, 4.96,.