Stock Technical indicators to notice in BT GROUP (BTQ.HA)
1- Last bearish trend was from 2.73 $ (4/3/2012) to 2.55 $ (4/12/2012) a 0.18 $ move 2- The current bullish trend started from 2.55 $ at 4/12/2012 and is currently trading at 2.65 $.
4- BTQ.HA current resistance level is at 2.66 which is the 61.80 % fibonacci retracement of the last 0.18 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
BT GROUP (BTQ.HA) Short term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 2.730 and 2.750, and is currently resisting at 2.660.
BT GROUP (BTQ.HA) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 2.030 and 1.830, and is currently supporting at 2.362.
BT GROUP (BTQ.HA) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 2.030 and 1.830, and is currently supporting at 2.362.
Stock Trading Conclusion:
BT GROUP (BTQ.HA) was trading in a bullish 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 : 2.66, 2.66, 2.73, 2.78, 2.84.
Stock Support levels : 2.64, 2.63, 2.62, 2.61, 2.60, 2.59, 2.59, 2.55, 2.36,.
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