Stock Technical indicators to notice in HBOS SP ADR (HBOOYN.MX)
1- Last bullish trend was from 11.99 $ (10/7/2008) to 25.71 $ (10/8/2008) a 13.72 $ move 2- The current bearish trend started from 25.71 $ at 10/8/2008 and is currently trading at 11.59 $.
4- HBOOYN.MX current resistance level is at 11.99 which is the 100.00 % fibonacci retracement of the last 13.72 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
HBOS SP ADR (HBOOYN.MX) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 25.710 and 55.060 that was broken up at 20.470 transforming into a supporting line.
HBOS SP ADR (HBOOYN.MX) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 25.710 and 55.060 that was broken up at 20.470 transforming into a supporting line.
HBOS SP ADR (HBOOYN.MX) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 11.990 and 136.200,resistance between 25.710 and 151.070 which was broken up at 20.470.
Stock Trading Conclusion:
HBOS SP ADR (HBOOYN.MX) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 11.99, 14.92, 16.98, 17.23, 18.65, 18.85, 20.32, 20.47, 22.47, 25.71,.
Stock Support levels : 8.26, 3.51, 0.64, -3.64,.
