Stock Technical indicators to notice in LIBERTY (LBE.L)
1- Last bullish trend was from 140.00 $ (6/29/2010) to 156.00 $ (7/1/2010) a 16.00 $ move 2- The current bearish trend started from 156.00 $ at 7/1/2010 and is currently trading at 140.00 $.
4- LBE.L current resistance level is at 140.00 which is the 100.00 % fibonacci retracement of the last 16.00 $ 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.
LIBERTY (LBE.L) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 140.000 .
7- The Stock formed a 30.000 $ height triangle which was broken up at 140.000, target of the pattern is 170.000.
LIBERTY (LBE.L) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 140.000 .
9- The Stock formed a 30.000 $ height triangle which was broken up at 140.000, target of the pattern is 170.000.
LIBERTY (LBE.L) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Bottom Pattern at 140.000 .
11- The Stock formed a 30.000 $ height triangle which was broken up at 140.000, target of the pattern is 170.000.
Stock Trading Conclusion:
LIBERTY (LBE.L) was trading in a strong bearish wave, which is becoming weaker .
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 : 143.78, 146.11, 148.00, 149.89, 152.22, 156.00, 170.00,.
Stock Support levels : 135.65, 130.11, 96.50,.
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