Stock Technical indicators to notice in PIK GR SP GDR REG-S (PIQ2.MU)
1- Last bullish trend was from 1.83 $ (2/1/2012) to 2.11 $ (2/10/2012) a 0.28 $ move 2- The current bearish trend started from 2.11 $ at 2/10/2012 and is currently trading at 1.78 $.
4- PIQ2.MU current resistance level is at 1.83 which is the 100.00 % fibonacci retracement of the last 0.28 $ 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.
6- Bullish Divergance in MACD Indicator .
PIK GR SP GDR REG-S (PIQ2.MU) Short term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.830 and 1.720 that was broken down at 2.080 transforming into a resistance line.
PIK GR SP GDR REG-S (PIQ2.MU) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 1.720 and 1.690 that was broken down at 1.780 transforming into a resistance line.
PIK GR SP GDR REG-S (PIQ2.MU) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 2.110 and 2.560, and is currently resisting at 1.868.
Stock Trading Conclusion:
PIK GR SP GDR REG-S (PIQ2.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 : 1.81, 1.83, 1.86, 1.87, 1.91, 1.94, 1.94, 1.97, 1.98, 2.00, 2.04, 2.11, 2.85.
Stock Support levels : 1.75,.
