Stock Technical indicators to notice in UNICORN AIM VCT 2 (UAVT.L)
1- Last bearish trend was from 64.00 $ (12/16/2009) to 61.00 $ (12/17/2009) a 3.00 $ move 2- The current bullish trend started from 61.00 $ at 12/17/2009 and is currently trading at 64.00 $.
4- UAVT.L current resistance level is at 64.82 which is the 127.20 % fibonacci retracement of the last 3.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
UNICORN AIM VCT 2 (UAVT.L) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 61.000 and 44.000 that was broken down at 64.000 transforming into a resistance line.
UNICORN AIM VCT 2 (UAVT.L) Mid term stock chart patterns for internet stock trading :
UNICORN AIM VCT 2 (UAVT.L) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
UNICORN AIM VCT 2 (UAVT.L) was trading in a strong bearish 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 : 64.82, 65.85, 78.00.
Stock Support levels : 63.29, 62.85, 62.50, 62.15, 61.71, 61.00,.