Stock Technical indicators to notice in KEYDATA INCME VCT 2 (KIV2.L)
1- Last bullish trend was from 34.28 $ (7/27/2010) to 37.50 $ (8/31/2010) a 3.22 $ move 2- The current bearish trend started from 37.50 $ at 8/31/2010 and is currently trading at 34.00 $.
4- KIV2.L current resistance level is at 34.28 which is the 100.00 % fibonacci retracement of the last 3.22 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
KEYDATA INCME VCT 2 (KIV2.L) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 37.500 .
KEYDATA INCME VCT 2 (KIV2.L) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 37.500 .
KEYDATA INCME VCT 2 (KIV2.L) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 31.000 .
Stock Trading Conclusion:
KEYDATA INCME VCT 2 (KIV2.L) was trading in a strong bearish 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 : 34.28, 34.83, 35.34, 35.51, 35.75, 35.89, 36.16, 36.27, 36.74, 37.50,.
Stock Support levels : 33.40, 32.29,.
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