Stock Technical indicators to notice in 10-YEAR TREASURY NOTE USA (TNX)
1- Last bullish trend was from 1.99 $ (4/10/2012) to 2.05 $ (4/12/2012) a 0.06 $ move 2- The current bearish trend started from 2.05 $ at 4/12/2012 and is currently trading at 1.84 $.
10-YEAR TREASURY NOTE USA (TNX) Short term stock chart patterns for internet stock trading :
4- The Index was resisted by a resistance line, identified by two points: 2.050 and 2.280 that was broken up at 2.010 transforming into a supporting line.
10-YEAR TREASURY NOTE USA (TNX) Mid term stock chart patterns for internet stock trading :
5- The Index formed Double Bottom Pattern at 1.920 that failed and formed a resistance.
10-YEAR TREASURY NOTE USA (TNX) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
10-YEAR TREASURY NOTE USA (TNX) was trading in a 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 : 1.89, 1.92, 1.92, 1.94, 1.97, 2.05.
Stock Support levels : 1.32.