Stock Technical indicators to notice in FIAT (FIA.L)
1- Last bullish trend was from 1,548.50 $ (10/16/2007) to 1,618.50 $ (10/24/2007) a 70.00 $ move 2- The current bearish trend started from 1,618.50 $ at 10/24/2007 and is currently trading at 1,411.82 $.
FIAT (FIA.L) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Top Pattern at 1,618.500 .
5- The Stock formed a 157.500 $ height triangle which was broken down at 1,549.650 in higher than usual volume, target of the pattern is 1,392.150.
FIAT (FIA.L) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 1,274.000 and 1,241.000, and is currently supporting at 1,354.438.
FIAT (FIA.L) Long term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 1,618.500 .
8- The Stock formed a 483.720 $ height triangle.
Stock Trading Conclusion:
FIAT (FIA.L) was trading in a bullish wave, which is becoming stronger .
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 : 1,460.60, 1,490.77, 1,515.16, 1,539.55, 1,618.39, 1,618.50, 1,621.36, 1,688.50.
Stock Support levels : 1,392.15,.
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