Stock Technical indicators to notice in DAB BANK AG (DRN.MU)
1- Last bearish trend was from 3.78 $ (4/26/2012) to 3.57 $ (4/30/2012) a 0.21 $ move 2- The current bullish trend started from 3.57 $ at 4/30/2012 and is currently trading at 3.79 $.
4- DRN.MU current resistance level is at 3.84 which is the 127.20 % fibonacci retracement of the last 0.21 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
DAB BANK AG (DRN.MU) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 3.780 and 4.110 that was broken up at 3.770 transforming into a supporting line.
DAB BANK AG (DRN.MU) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 3.570 and 3.300, and is currently supporting at 3.585.
DAB BANK AG (DRN.MU) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 3.300 and 3.010, and is currently supporting at 3.598.
Stock Trading Conclusion:
DAB BANK AG (DRN.MU) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 3.84, 3.91.
Stock Support levels : 3.78, 3.74, 3.71, 3.71, 3.70, 3.68, 3.67, 3.65, 3.65, 3.62, 3.60, 3.59, 3.57,.
