Stock Technical indicators to notice in GAS NATURAL SDG (GAS.MC)
1- Last bullish trend was from 12.31 $ (3/12/2012) to 12.80 $ (3/21/2012) a 0.49 $ move 2- The current bearish trend started from 12.80 $ at 3/21/2012 and is currently trading at 12.36 $.
4- GAS.MC current resistance level is at 12.50 which is the 61.80 % fibonacci retracement of the last 0.49 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
GAS NATURAL SDG (GAS.MC) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 12.310 .
7- The Stock formed a 0.750 $ height triangle.
GAS NATURAL SDG (GAS.MC) Mid term stock chart patterns for internet stock trading :
8- The Stock formed a 1.840 $ height triangle which was broken down at 12.360 in higher than usual volume, target of the pattern is 10.520.
GAS NATURAL SDG (GAS.MC) Long term stock chart patterns for internet stock trading :
9- The Stock formed a 2.810 $ height triangle which was broken down at 12.660 in higher than usual volume, target of the pattern is 9.850.
Stock Trading Conclusion:
GAS NATURAL SDG (GAS.MC) was trading in a bearish wave, which is becoming weaker .
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 : 12.46, 12.50, 12.53, 12.56, 12.58, 12.61, 12.63, 12.68, 12.75, 12.80, 13.05.
Stock Support levels : 12.31, 12.30, 12.18, 12.01, 10.52,.
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