Stock Technical indicators to notice in VINDON HEALTHCARE (VDN.L)
1- Last bullish trend was from 11.80 $ (5/1/2012) to 12.50 $ (5/2/2012) a 0.70 $ move 2- The current bearish trend started from 12.50 $ at 5/2/2012 and is currently trading at 11.70 $.
4- VDN.L current resistance level is at 11.80 which is the 100.00 % fibonacci retracement of the last 0.70 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
VINDON HEALTHCARE (VDN.L) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 12.500 .
7- The Stock formed a 1.500 $ height triangle which was broken down at 11.750, target of the pattern is 10.250.
VINDON HEALTHCARE (VDN.L) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 11.000 .
VINDON HEALTHCARE (VDN.L) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 10.500 and 10.000, and is currently supporting at 10.652.
Stock Trading Conclusion:
VINDON HEALTHCARE (VDN.L) was trading in a 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 : 11.80, 11.89, 12.01, 12.07, 12.10, 12.15, 12.19, 12.23, 12.33, 12.50, 12.60.
Stock Support levels : 11.61, 11.37, 11.00, 10.65,.
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