Stock Technical indicators to notice in VIETNAM HOLD (VNH.L)
1- Last bearish trend was from 109.40 $ (4/20/2012) to 104.60 $ (4/23/2012) a 4.80 $ move 2- The current bullish trend started from 104.60 $ at 4/23/2012 and is currently trading at 109.00 $.
4- VNH.L current resistance level is at 109.40 which is the 100.00 % fibonacci retracement of the last 4.80 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
VIETNAM HOLD (VNH.L) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 104.600 and 102.500,resistance between 109.400 and 106.000, the stock channel is currently supported from below by 107.300 and resisted from above by 111.829.
VIETNAM HOLD (VNH.L) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 70.000 and 58.500, and is currently supporting at 83.914.
VIETNAM HOLD (VNH.L) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 63.500 $ height triangle which was broken up at 73.000 in higher than usual volume, target of the pattern is 136.500.
Stock Trading Conclusion:
VIETNAM HOLD (VNH.L) was trading in a strong bullish wave, which is becoming stronger .
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 : 109.40, 110.71, 112.37, 136.50.
Stock Support levels : 107.96, 107.57, 107.32, 107.00, 106.80, 106.43, 106.28, 105.73, 104.60, 83.91,.
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