Stock Technical indicators to notice in TOKYO STAR BANK (T4R.MU)
1- Last bullish trend was from 1,943.00 $ (12/13/2007) to 2,298.80 $ (3/27/2008) a 355.80 $ move 2- The current bearish trend started from 2,298.80 $ at 3/27/2008 and is currently trading at 2,133.70 $.
4- T4R.MU current resistance level is at 2,162.88 which is the 38.20 % fibonacci retracement of the last 355.80 $ 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.
TOKYO STAR BANK (T4R.MU) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 1,943.000 and 1,836.500 that was broken down at 2,273.700 transforming into a resistance line.
TOKYO STAR BANK (T4R.MU) Mid term stock chart patterns for internet stock trading :
None.
TOKYO STAR BANK (T4R.MU) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 2,194.050 and 2,240.140 that was broken up at 2,162.500 transforming into a supporting line.
Stock Trading Conclusion:
TOKYO STAR BANK (T4R.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 : 2,162.88, 2,172.66, 2,196.77, 2,214.83, 2,216.25, 2,235.73, 2,298.80, 3,008.00.
Stock Support levels : 2,120.90, 2,078.92, 1,943.00, 1,846.22, 1,805.29,.
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