Stock Technical indicators to notice in TMN GROUP (TMN.L)
1- Last bullish trend was from 11.87 $ (6/19/2009) to 12.34 $ (6/22/2009) a 0.47 $ move 2- The current bearish trend started from 12.34 $ at 6/22/2009 and is currently trading at 11.65 $.
4- TMN.L current resistance level is at 11.74 which is the 127.20 % fibonacci retracement of the last 0.47 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
TMN GROUP (TMN.L) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 12.340 and 13.750, and is currently resisting at 11.988.
TMN GROUP (TMN.L) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 10.380 $ height triangle which was broken down at 13.200, target of the pattern is 2.820.
TMN GROUP (TMN.L) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
TMN GROUP (TMN.L) was trading in a strong bullish 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 : 11.74, 11.81, 11.87, 11.91, 11.99, 11.99, 12.05, 12.08, 12.10, 12.16, 12.23, 12.34, 21.36.
Stock Support levels : 11.58,.