Stock Technical indicators to notice in YAMATO HOLDINGS (YTT.MU)
1- Last bearish trend was from 12.41 $ (3/9/2012) to 11.33 $ (4/24/2012) a 1.08 $ move 2- The current bullish trend started from 11.33 $ at 4/24/2012 and is currently trading at 11.93 $.
4- YTT.MU current resistance level is at 12.00 which is the 61.80 % fibonacci retracement of the last 1.08 $ 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.
YAMATO HOLDINGS (YTT.MU) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 11.330 and 11.760,resistance between 12.410 and 13.030 which was broken up at 11.930.
YAMATO HOLDINGS (YTT.MU) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 2.440 $ height triangle which was broken down at 11.950, target of the pattern is 9.510.
YAMATO HOLDINGS (YTT.MU) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 3.430 $ height triangle which was broken down at 12.100, target of the pattern is 8.670.
Stock Trading Conclusion:
YAMATO HOLDINGS (YTT.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 : 12.00, 12.15, 12.41, 12.44, 12.70, 13.08.
Stock Support levels : 11.92, 11.87, 11.79, 11.74, 11.70, 11.63, 11.58, 11.56, 11.33, 9.51,.
