Stock Technical indicators to notice in VISUAL DEFENCE (VDI.L)
1- Last bearish trend was from 6.50 $ (1/28/2009) to 6.00 $ (1/29/2009) a 0.50 $ move 2- The current bullish trend started from 6.00 $ at 1/29/2009 and is currently trading at 7.00 $.
VISUAL DEFENCE (VDI.L) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Bottom Pattern at 6.000 .
5- The Stock formed Double Top Pattern at 6.500 that failed, and formed a support .
VISUAL DEFENCE (VDI.L) Mid term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 6.000 .
7- The Stock formed Double Top Pattern at 6.500 that failed, and formed a support .
VISUAL DEFENCE (VDI.L) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 2.250 $ height triangle which was broken up at 6.500, target of the pattern is 8.750.
Stock Trading Conclusion:
VISUAL DEFENCE (VDI.L) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 8.75.
Stock Support levels : 6.76, 6.62, 6.50, 6.38, 6.18, 6.00,.