Stock Technical indicators to notice in DEFINED CAP RETURN (DCR.L)
1- Last bullish trend was from 126.00 $ (9/7/2009) to 135.00 $ (10/6/2009) a 9.00 $ move 2- The current bearish trend started from 135.00 $ at 10/6/2009 and is currently trading at 129.00 $.
4- DCR.L current resistance level is at 129.44 which is the 61.80 % fibonacci retracement of the last 9.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
DEFINED CAP RETURN (DCR.L) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 126.000 and 125.000 that was broken down at 129.000 transforming into a resistance line.
DEFINED CAP RETURN (DCR.L) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 114.500 and 110.000,resistance between 122.000 and 119.000, the stock channel is currently supported from below by 124.329 and resisted from above by 131.500.
DEFINED CAP RETURN (DCR.L) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
DEFINED CAP RETURN (DCR.L) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 129.42, 129.44, 130.42, 130.50, 131.29, 131.56, 132.00, 132.71, 132.88, 135.00,.
Stock Support levels : 126.00, 123.55,.
