Stock Technical indicators to notice in GLORIOUS SUN (GLV.MU)
1- Last bullish trend was from 0.25 $ (4/4/2012) to 0.26 $ (4/10/2012) a 0.01 $ move 2- The current bearish trend started from 0.26 $ at 4/10/2012 and is currently trading at 0.25 $.
4- GLV.MU current resistance level is at 0.25 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
GLORIOUS SUN (GLV.MU) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.260 and 0.300 that was broken up at 0.250 transforming into a supporting line.
GLORIOUS SUN (GLV.MU) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 0.260 and 0.240 that was broken down at 0.250 transforming into a resistance line.
GLORIOUS SUN (GLV.MU) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.230 and 0.210, and is currently supporting at 0.248.
Stock Trading Conclusion:
GLORIOUS SUN (GLV.MU) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 0.252, 0.254, 0.255, 0.256, 0.258, 0.260, 0.298.
Stock Support levels : 0.248, 0.247, 0.244,.
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