Stock Technical indicators to notice in REGIS (RGI.MU)
1- Last bearish trend was from 13.92 $ (4/2/2012) to 13.20 $ (4/13/2012) a 0.72 $ move 2- The current bullish trend started from 13.20 $ at 4/13/2012 and is currently trading at 13.71 $.
4- RGI.MU current resistance level is at 13.92 which is the 100.00 % fibonacci retracement of the last 0.72 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
REGIS (RGI.MU) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 13.200 and 12.980,resistance between 13.920 and 13.670, the stock channel is currently supported from below by 13.310 and resisted from above by 14.103.
REGIS (RGI.MU) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 11.850 and 11.700, and is currently supporting at 12.205.
REGIS (RGI.MU) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 11.850 and 9.280, and is currently supporting at 13.640.
Stock Trading Conclusion:
REGIS (RGI.MU) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 13.92, 14.12, 14.36.
Stock Support levels : 13.64, 13.64, 13.59, 13.56, 13.52, 13.48, 13.45, 13.39, 13.37, 13.20,.