Stock Technical indicators to notice in KENMORE EURO INDUST (KEIF.L)
1- Last bullish trend was from 35.00 $ (5/7/2010) to 37.25 $ (5/19/2010) a 2.25 $ move 2- The current bearish trend started from 37.25 $ at 5/19/2010 and is currently trading at 34.50 $.
4- KEIF.L current resistance level is at 35.00 which is the 100.00 % fibonacci retracement of the last 2.25 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
KENMORE EURO INDUST (KEIF.L) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 37.250 and 41.700, and is currently resisting at 36.756.
KENMORE EURO INDUST (KEIF.L) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 37.250 and 42.000, and is currently resisting at 36.870.
KENMORE EURO INDUST (KEIF.L) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 42.000 .
9- The Stock formed a 9.510 $ height triangle which was broken down at 36.500 in higher than usual volume, target of the pattern is 26.990.
Stock Trading Conclusion:
KENMORE EURO INDUST (KEIF.L) was trading in a strong bearish wave, which is becoming weaker .
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 : 35.00, 35.15, 35.55, 35.86, 35.88, 36.13, 36.20, 36.39, 36.72, 36.76, 36.87, 37.25, 37.65, 41.95.
Stock Support levels : 34.39, 33.61,.
