Stock Technical indicators to notice in UPONOR -A- (UPN.DE)
1- Last bearish trend was from 11.44 $ (8/18/2010) to 10.74 $ (8/26/2010) a 0.70 $ move 2- The current bullish trend started from 10.74 $ at 8/26/2010 and is currently trading at 11.17 $.
4- UPN.DE current resistance level is at 11.17 which is the 61.80 % fibonacci retracement of the last 0.70 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
UPONOR -A- (UPN.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 11.440 and 13.050 that was broken up at 11.320 transforming into a supporting line.
UPONOR -A- (UPN.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 11.250 and 10.870 that was broken down at 11.080 transforming into a resistance line.
UPONOR -A- (UPN.DE) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 10.870 and 10.340,resistance between 13.050 and 12.350 which was broken down at 11.080.
Stock Trading Conclusion:
UPONOR -A- (UPN.DE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 11.17, 11.44, 11.63, 11.71, 11.79, 11.87.
Stock Support levels : 11.09, 11.07, 11.01, 11.01, 10.95, 10.91, 10.90, 10.74,.
