Stock Technical indicators to notice in TOPPS TILES (TPT.L)
1- Last bullish trend was from 37.75 $ (4/18/2012) to 39.50 $ (4/30/2012) a 1.75 $ move 2- The current bearish trend started from 39.50 $ at 4/30/2012 and is currently trading at 39.00 $.
4- TPT.L current resistance level is at 39.09 which is the 23.60 % fibonacci retracement of the last 1.75 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
TOPPS TILES (TPT.L) Short term stock chart patterns for internet stock trading :
6- The Stock is trading in a stock channel between 37.750 $ and 39.500 $.
TOPPS TILES (TPT.L) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 34.250 and 31.250,resistance between 41.250 and 36.500 which was broken down at 39.750.
TOPPS TILES (TPT.L) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 31.250 and 30.500, and is currently supporting at 34.625.
Stock Trading Conclusion:
TOPPS TILES (TPT.L) was trading in a strong bullish 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 : 39.09, 39.12, 39.19, 39.25, 39.31, 39.49, 39.50, 39.54, 49.25.
Stock Support levels : 38.83, 38.63, 38.42, 37.75, 37.27, 36.67,.
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