Stock Technical indicators to notice in VALENTINO FG (V.MI)
1- Last bearish trend was from 36.32 $ (5/17/2007) to 34.11 $ (5/24/2007) a 2.21 $ move 2- The current bullish trend started from 34.11 $ at 5/24/2007 and is currently trading at 34.21 $.
4- V.MI current resistance level is at 34.63 which is the 23.60 % fibonacci retracement of the last 2.21 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
VALENTINO FG (V.MI) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 34.110 and 29.590 that was broken down at 34.430 transforming into a resistance line.
VALENTINO FG (V.MI) Mid term stock chart patterns for internet stock trading :
None.
VALENTINO FG (V.MI) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
VALENTINO FG (V.MI) was trading in a strong bearish 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 : 34.63, 34.95, 35.22, 35.48, 36.32, 36.92, 37.69, 49.80.
Stock Support levels : 34.19, 34.17, 34.16, 34.15, 34.11,.
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