Stock Technical indicators to notice in KEDCO (KED.L)
1- Last bullish trend was from 1.25 $ (4/30/2012) to 1.37 $ (5/2/2012) a 0.12 $ move 2- The current bearish trend started from 1.37 $ at 5/2/2012 and is currently trading at 1.05 $.
KEDCO (KED.L) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 0.180 $ height triangle which was broken down at 1.130 in higher than usual volume, target of the pattern is 0.950.
KEDCO (KED.L) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 0.180 $ height triangle which was broken down at 1.130 in higher than usual volume, target of the pattern is 0.950.
KEDCO (KED.L) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 0.180 $ height triangle which was broken down at 1.130 in higher than usual volume, target of the pattern is 0.950.
Stock Trading Conclusion:
KEDCO (KED.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 : 1.13, 1.17, 1.21, 1.25, 1.32, 1.37, 1.50.
Stock Support levels : 0.95,.
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