Stock Technical indicators to notice in DRI (RKO.MU)
1- Last bearish trend was from 0.19 $ (3/6/2012) to 0.02 $ (4/2/2012) a 0.17 $ move 2- The current bullish trend started from 0.02 $ at 4/2/2012 and is currently trading at 0.03 $.
4- RKO.MU current resistance level is at 0.06 which is the 23.60 % fibonacci retracement of the last 0.17 $ 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 .
DRI (RKO.MU) Short term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.190 and 0.260, and is currently resisting at 0.140.
DRI (RKO.MU) Mid term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.190 and 0.260, and is currently resisting at 0.140.
DRI (RKO.MU) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 0.190 and 0.260, and is currently resisting at 0.140.
Stock Trading Conclusion:
DRI (RKO.MU) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.060, 0.085, 0.105, 0.125, 0.140, 0.190, 0.236, 0.295.
Stock Support levels : 0.028, 0.026, 0.025, 0.024, 0.020,.
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