Stock Technical indicators to notice in ADOLOR (DO8.MU)
1- Last bearish trend was from 3.55 $ (11/30/2011) to 3.43 $ (12/7/2011) a 0.12 $ move 2- The current bullish trend started from 3.43 $ at 12/7/2011 and is currently trading at 3.52 $.
4- DO8.MU current resistance level is at 3.55 which is the 100.00 % fibonacci retracement of the last 0.12 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
ADOLOR (DO8.MU) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 3.430 and 3.160, and is currently supporting at 3.459.
ADOLOR (DO8.MU) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.460 $ height triangle which was broken up at 3.190 in higher than usual volume, target of the pattern is 3.650.
ADOLOR (DO8.MU) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 1.600 and 1.800 that was broken up at 1.400 transforming into a supporting line.
Stock Trading Conclusion:
ADOLOR (DO8.MU) was trading in a strong bullish wave, which is becoming weaker .
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 : 3.55, 3.58, 3.62, 3.65.
Stock Support levels : 3.50, 3.50, 3.49, 3.49, 3.48, 3.47, 3.46, 3.46, 3.46, 3.43, 1.24,.
Related Stocks
| DOR BIOPHARMA |
| DOMINION RES |
| DOLLAR GENL |
| DOW JONES & CO |
| DR REAL ESTATE |