Stock Technical indicators to notice in Auburn National Bancorporation (AUBN)
1- Last bearish trend was from 19.50 $ (12/12/2011) to 18.23 $ (1/4/2012) a 1.27 $ move 2- The current bullish trend started from 18.23 $ at 1/4/2012 and is currently trading at 20.05 $.
4- AUBN current resistance level is at 20.28 which is the 161.80 % fibonacci retracement of the last 1.27 $ move.
5- According to ADX Indicator, the trend is currently 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.
Auburn National Bancorporation (AUBN) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 19.500 and 19.770 that was broken up at 19.780 transforming into a supporting line.
Auburn National Bancorporation (AUBN) Mid term stock chart patterns for internet stock trading :
None.
Auburn National Bancorporation (AUBN) Long term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 21.780 .
Stock Trading Conclusion:
Auburn National Bancorporation (AUBN) was trading in a 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 : 20.28, 21.78.
Stock Support levels : 19.85, 19.62, 19.50, 19.42, 19.35, 19.14, 19.01, 18.93, 18.86, 18.72, 18.53, 18.23,.
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