Stock Technical indicators to notice in 6 LIBERTY CNRP (LBEP.L)
1- Last bearish trend was from 61.00 $ (4/19/2010) to 2.82 $ (6/25/2010) a 58.18 $ move 2- The current bullish trend started from 2.82 $ at 6/25/2010 and is currently trading at 61.00 $.
4- LBEP.L current resistance level is at 76.82 which is the 127.20 % fibonacci retracement of the last 58.18 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,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.
6 LIBERTY CNRP (LBEP.L) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 61.000 .
6 LIBERTY CNRP (LBEP.L) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 61.000 .
6 LIBERTY CNRP (LBEP.L) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 61.000 .
Stock Trading Conclusion:
6 LIBERTY CNRP (LBEP.L) was trading in a strong bullish 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 : 76.82, 96.96.
Stock Support levels : 47.27, 38.78, 31.91, 25.04, 25.04, 16.55, 2.82,.
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