Stock Technical indicators to notice in RENO DE MEDICI (RDM.MC)
1- Last bullish trend was from 0.14 $ (3/1/2012) to 0.17 $ (3/13/2012) a 0.03 $ move 2- The current bearish trend started from 0.17 $ at 3/13/2012 and is currently trading at 0.15 $.
4- RDM.MC current resistance level is at 0.15 which is the 61.80 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
RENO DE MEDICI (RDM.MC) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 0.140 and 0.130,resistance between 0.170 and 0.160, the stock channel is currently supported from below by 0.147 and resisted from above by 0.173.
RENO DE MEDICI (RDM.MC) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 0.140 and 0.130,resistance between 0.170 and 0.160, the stock channel is currently supported from below by 0.147 and resisted from above by 0.173.
RENO DE MEDICI (RDM.MC) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 0.140 and 0.130,resistance between 0.170 and 0.160, the stock channel is currently supported from below by 0.147 and resisted from above by 0.173.
Stock Trading Conclusion:
RENO DE MEDICI (RDM.MC) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 0.151, 0.155, 0.155, 0.158, 0.159, 0.160, 0.162, 0.163, 0.170,.
Stock Support levels : 0.140, 0.132, 0.130,.
