Stock Technical indicators to notice in KESA ELECTRICALS (KESA.L)
1- Last bearish trend was from 71.35 $ (1/26/2012) to 67.40 $ (1/31/2012) a 3.95 $ move 2- The current bullish trend started from 67.40 $ at 1/31/2012 and is currently trading at 75.00 $.
KESA ELECTRICALS (KESA.L) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 11.500 $ height triangle which was broken up at 70.700 in higher than usual volume, target of the pattern is 82.200.
KESA ELECTRICALS (KESA.L) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 66.400 and 65.250, and is currently supporting at 67.132.
KESA ELECTRICALS (KESA.L) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 28.750 $ height triangle which was broken up at 75.000 in higher than usual volume, target of the pattern is 103.750.
Stock Trading Conclusion:
KESA ELECTRICALS (KESA.L) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 82.20, 103.75.
Stock Support levels : 73.76, 73.21, 72.10, 71.20, 70.30, 67.40, 67.13,.
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