Stock Technical indicators to notice in POLIGRAFICI EDIT (POL.MI)
1- Last bullish trend was from 0.38 $ (3/27/2012) to 0.41 $ (3/28/2012) a 0.03 $ move 2- The current bearish trend started from 0.41 $ at 3/28/2012 and is currently trading at 0.37 $.
4- POL.MI current resistance level is at 0.37 which is the 127.20 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
POLIGRAFICI EDIT (POL.MI) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.110 $ height triangle which was broken down at 0.380, target of the pattern is 0.270.
POLIGRAFICI EDIT (POL.MI) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.140 $ height triangle which was broken down at 0.380, target of the pattern is 0.240.
POLIGRAFICI EDIT (POL.MI) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.280 .
Stock Trading Conclusion:
POLIGRAFICI EDIT (POL.MI) was trading in a strong bullish wave, which is becoming stronger .
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 : 0.372, 0.379, 0.380, 0.385, 0.390, 0.391, 0.395, 0.395, 0.399, 0.403, 0.410, 0.435, 0.441.
Stock Support levels : 0.361, 0.280, 0.270,.
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