Stock Technical indicators to notice in TRANS-SIBERIAN GOLD (TSG.L)
1- Last bearish trend was from 73.00 $ (4/11/2012) to 56.00 $ (5/2/2012) a 17.00 $ move 2- The current bullish trend started from 56.00 $ at 5/2/2012 and is currently trading at 57.50 $.
4- TSG.L current resistance level is at 60.01 which is the 23.60 % fibonacci retracement of the last 17.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
TRANS-SIBERIAN GOLD (TSG.L) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 73.000 and 76.000, and is currently resisting at 64.500.
TRANS-SIBERIAN GOLD (TSG.L) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 73.000 and 76.000, and is currently resisting at 64.500.
TRANS-SIBERIAN GOLD (TSG.L) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 82.000 and 83.000, and is currently resisting at 81.192.
Stock Trading Conclusion:
TRANS-SIBERIAN GOLD (TSG.L) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 60.01, 62.49, 64.50, 66.51, 73.00, 77.62, 81.19, 83.51.
Stock Support levels : 57.15, 56.93, 56.75, 56.57, 56.00,.
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