Stock Technical indicators to notice in FCC (FCC.MC)
1- Last bullish trend was from 17.16 $ (3/8/2012) to 18.06 $ (3/19/2012) a 0.90 $ move 2- The current bearish trend started from 18.06 $ at 3/19/2012 and is currently trading at 17.22 $.
4- FCC.MC current resistance level is at 17.50 which is the 61.80 % fibonacci retracement of the last 0.90 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
FCC (FCC.MC) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 18.060 and 20.180, and is currently resisting at 17.707.
FCC (FCC.MC) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 20.180 and 20.300, and is currently resisting at 20.110.
FCC (FCC.MC) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 20.180 and 20.300, and is currently resisting at 20.110.
Stock Trading Conclusion:
FCC (FCC.MC) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 17.42, 17.50, 17.54, 17.61, 17.64, 17.71, 17.72, 17.74, 17.85, 18.06, 20.11,.
Stock Support levels : 17.16, 16.92,.
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