Stock Technical indicators to notice in RADIOSHACK (TAN.HM)
1- Last bullish trend was from 3.98 $ (4/26/2012) to 4.23 $ (4/27/2012) a 0.25 $ move 2- The current bearish trend started from 4.23 $ at 4/27/2012 and is currently trading at 3.87 $.
4- TAN.HM current resistance level is at 3.91 which is the 127.20 % fibonacci retracement of the last 0.25 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
RADIOSHACK (TAN.HM) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 4.230 and 4.770 that was broken up at 3.880 transforming into a supporting line.
RADIOSHACK (TAN.HM) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 4.230 and 4.770 that was broken up at 3.880 transforming into a supporting line.
RADIOSHACK (TAN.HM) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 5.910 and 8.440 that was broken up at 5.270 transforming into a supporting line.
Stock Trading Conclusion:
RADIOSHACK (TAN.HM) was trading in a strong bearish wave, which is becoming stronger .
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 : 3.91, 3.95, 3.98, 4.01, 4.05, 4.08, 4.09, 4.11, 4.13, 4.17, 4.23, 4.77.
Stock Support levels : 3.83, 3.69,.
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