Stock Technical indicators to notice in BRITISH PORTF TRUST (BPO.L)
1- Last bullish trend was from 1.37 $ (10/31/2012) to 1.46 $ (11/1/2012) a 0.09 $ move 2- The current bearish trend started from 1.46 $ at 11/1/2012 and is currently trading at 1.38 $.
4- BPO.L current resistance level is at 1.40 which is the 61.80 % fibonacci retracement of the last 0.09 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
BRITISH PORTF TRUST (BPO.L) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 1.370 and 1.380,resistance between 1.460 and 1.470, the stock channel is currently supported from below by 1.360 and resisted from above by 1.451.
BRITISH PORTF TRUST (BPO.L) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 1.470 .
BRITISH PORTF TRUST (BPO.L) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 0.180 $ height triangle which was broken up at 1.360, target of the pattern is 1.540.
Stock Trading Conclusion:
BRITISH PORTF TRUST (BPO.L) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 1.40, 1.40, 1.41, 1.41, 1.42, 1.43, 1.43, 1.44, 1.46, 1.47, 1.54.
Stock Support levels : 1.37, 1.35, 1.33,.
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