Stock Technical indicators to notice in RWE VZ (RWE3.DE)
1- Last bullish trend was from 48.65 $ (8/16/2010) to 50.25 $ (8/18/2010) a 1.60 $ move 2- The current bearish trend started from 50.25 $ at 8/18/2010 and is currently trading at 48.94 $.
4- RWE3.DE current resistance level is at 49.26 which is the 61.80 % fibonacci retracement of the last 1.60 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
RWE VZ (RWE3.DE) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 3.910 $ height triangle which was broken up at 48.580 in higher than usual volume, target of the pattern is 52.490 which was broken down at 48.240 in higher than usual volume, target of the pattern is 44.330.
RWE VZ (RWE3.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 51.700 and 62.520, and is currently resisting at 49.457.
RWE VZ (RWE3.DE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 45.990 and 41.750 that was broken down at 54.940 transforming into a resistance line.
Stock Trading Conclusion:
RWE VZ (RWE3.DE) was trading in a bearish wave, which is becoming weaker .
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 : 49.17, 49.25, 49.26, 49.44, 49.45, 49.46, 49.60, 49.64, 49.75, 49.87, 50.25, 52.49, 59.61.
Stock Support levels : 48.65, 48.21, 48.18, 47.66,.
