Stock Technical indicators to notice in BORGOSESIA RSP (BOR.MI)
1- Last bullish trend was from 1.20 $ (4/10/2012) to 1.25 $ (4/12/2012) a 0.05 $ move 2- The current bearish trend started from 1.25 $ at 4/12/2012 and is currently trading at 1.00 $.
BORGOSESIA RSP (BOR.MI) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 0.310 $ height triangle which was broken down at 1.050, target of the pattern is 0.740.
BORGOSESIA RSP (BOR.MI) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 1.310 and 1.320, and is currently resisting at 1.291.
BORGOSESIA RSP (BOR.MI) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.310 and 1.320, and is currently resisting at 1.291.
Stock Trading Conclusion:
BORGOSESIA RSP (BOR.MI) was trading in a strong bearish wave, which is becoming stronger .
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 : 1.06, 1.10, 1.13, 1.15, 1.25, 1.29, 1.32.
Stock Support levels : 0.74.
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