Stock Technical indicators to notice in ANTENA 3 R (A3TV.MC)
1- Last bullish trend was from 4.41 $ (3/7/2012) to 4.78 $ (3/19/2012) a 0.37 $ move 2- The current bearish trend started from 4.78 $ at 3/19/2012 and is currently trading at 4.54 $.
4- A3TV.MC current resistance level is at 4.55 which is the 61.80 % fibonacci retracement of the last 0.37 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
ANTENA 3 R (A3TV.MC) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 4.780 and 4.870, and is currently resisting at 4.766.
ANTENA 3 R (A3TV.MC) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 4.410 and 4.370, and is currently supporting at 4.420.
ANTENA 3 R (A3TV.MC) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 4.220 and 3.750 that was broken down at 5.210 transforming into a resistance line.
Stock Trading Conclusion:
ANTENA 3 R (A3TV.MC) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 4.55, 4.60, 4.60, 4.63, 4.64, 4.66, 4.69, 4.69, 4.77, 4.78, 6.10.
Stock Support levels : 4.42, 4.41, 4.31,.
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