Stock Technical indicators to notice in SIAM CITY NVDR (RY5.MU)
1- Last bearish trend was from 6.37 $ (11/15/2011) to 5.62 $ (11/24/2011) a 0.75 $ move 2- The current bullish trend started from 5.62 $ at 11/24/2011 and is currently trading at 6.67 $.
4- RY5.MU current resistance level is at 6.83 which is the 161.80 % fibonacci retracement of the last 0.75 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
SIAM CITY NVDR (RY5.MU) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 5.620 and 5.290, and is currently supporting at 6.537.
SIAM CITY NVDR (RY5.MU) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 5.620 and 5.080 that was broken down at 6.530 transforming into a resistance line.
SIAM CITY NVDR (RY5.MU) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 5.620 and 4.840 that was broken down at 6.530 transforming into a resistance line.
Stock Trading Conclusion:
SIAM CITY NVDR (RY5.MU) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 6.73, 6.74, 6.83.
Stock Support levels : 6.57, 6.54, 6.42, 6.37, 6.27, 6.14, 6.08, 6.02, 5.99, 5.91, 5.80, 5.62,.
