Stock Technical indicators to notice in VIVACON (VIA.DE)
1- Last bullish trend was from 0.72 $ (4/23/2012) to 0.77 $ (5/2/2012) a 0.05 $ move 2- The current bearish trend started from 0.77 $ at 5/2/2012 and is currently trading at 0.70 $.
4- VIA.DE current resistance level is at 0.71 which is the 127.20 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
VIVACON (VIA.DE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.720 that failed and formed a resistance.
7- The Stock formed Double Top Pattern at 0.770 .
VIVACON (VIA.DE) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.720 that failed and formed a resistance.
9- The Stock formed Double Top Pattern at 0.770 .
VIVACON (VIA.DE) Long term stock chart patterns for internet stock trading :
10- The Stock was resisted by a resistance line, identified by two points: 0.900 and 1.040, and is currently resisting at 0.737.
Stock Trading Conclusion:
VIVACON (VIA.DE) was trading in a bearish wave, which is becoming stronger .
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 : 0.706, 0.717, 0.720, 0.727, 0.735, 0.737, 0.739, 0.743, 0.745, 0.751, 0.758, 0.770,.
Stock Support levels : 0.689.
