Stock Technical indicators to notice in KENTZ CORP (KENZ.L)
1- Last bullish trend was from 420.35 $ (4/24/2012) to 434.60 $ (5/2/2012) a 14.25 $ move 2- The current bearish trend started from 434.60 $ at 5/2/2012 and is currently trading at 416.60 $.
4- KENZ.L current resistance level is at 420.35 which is the 100.00 % fibonacci retracement of the last 14.25 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
KENTZ CORP (KENZ.L) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 434.600 and 444.000, and is currently resisting at 433.494.
KENTZ CORP (KENZ.L) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 444.300 and 435.000 that was broken down at 430.860 transforming into a resistance line.
KENTZ CORP (KENZ.L) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 490.000 and 504.000, and is currently resisting at 486.874.
Stock Trading Conclusion:
KENTZ CORP (KENZ.L) was trading in a bearish wave, which is becoming weaker .
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 : 420.35, 420.85, 423.48, 425.60, 425.79, 427.48, 427.72, 429.16, 431.24, 433.49, 434.60, 450.50, 486.87.
Stock Support levels : 416.47,.