Stock Technical indicators to notice in FTSE 100 United Kingdom (FTSE)
1- Last bearish trend was from 5,568.70 $ (12/6/2011) to 5,365.00 $ (12/19/2011) a 203.70 $ move 2- The current bullish trend started from 5,365.00 $ at 12/19/2011 and is currently trading at 5,901.10 $.
FTSE 100 United Kingdom (FTSE) Short term stock chart patterns for internet stock trading :
4- The Index formed a 586.200 $ height triangle which was broken up at 5,512.700, target of the pattern is 6,098.900.
FTSE 100 United Kingdom (FTSE) Mid term stock chart patterns for internet stock trading :
5- The Index was supported by a support line, identified by two points: 5,127.600 and 4,944.400, and is currently supporting at 5,365.265.
FTSE 100 United Kingdom (FTSE) Long term stock chart patterns for internet stock trading :
6- The Index formed a 1,146.900 $ height triangle which was broken up at 5,699.900 in higher than usual volume, target of the pattern is 6,846.800.
Stock Trading Conclusion:
FTSE 100 United Kingdom (FTSE) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 6,098.90, 6,846.80.
Stock Support levels : 5,774.58, 5,696.31, 5,633.05, 5,571.98, 5,569.79, 5,365.27, 5,365.00,.
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