Stock Technical indicators to notice in BT GROUP (BTQ.HA)
1- Last bearish trend was from 2.92 $ (9/25/2012) to 2.63 $ (11/1/2012) a 0.29 $ move 2- The current bullish trend started from 2.63 $ at 11/1/2012 and is currently trading at 2.82 $.
4- BTQ.HA current resistance level is at 2.92 which is the 100.00 % fibonacci retracement of the last 0.29 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
BT GROUP (BTQ.HA) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 2.920 .
BT GROUP (BTQ.HA) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 2.630 and 2.600, and is currently supporting at 2.630.
BT GROUP (BTQ.HA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 2.390 and 1.970, and is currently supporting at 2.721.
Stock Trading Conclusion:
BT GROUP (BTQ.HA) was trading in a bullish wave, which is becoming stronger .
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 : 2.88, 2.90, 2.91, 2.92, 3.00, 3.10.
Stock Support levels : 2.81, 2.78, 2.78, 2.75, 2.74, 2.73, 2.72, 2.70, 2.70, 2.63, 2.63,.