Stock Technical indicators to notice in General Communication (GNCMA)
1- Last bearish trend was from 7.89 $ (4/27/2012) to 7.21 $ (5/4/2012) a 0.68 $ move 2- The current bullish trend started from 7.21 $ at 5/4/2012 and is currently trading at 7.49 $.
4- GNCMA current resistance level is at 7.55 which is the 50.00 % fibonacci retracement of the last 0.68 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
General Communication (GNCMA) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 7.890 and 8.110, and is currently resisting at 7.670.
General Communication (GNCMA) Mid term stock chart patterns for internet stock trading :
None.
General Communication (GNCMA) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 9.410 and 8.650 that was broken down at 10.590 transforming into a resistance line.
Stock Trading Conclusion:
General Communication (GNCMA) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 7.55, 7.63, 7.67, 7.89, 8.07, 8.31, 12.55.
Stock Support levels : 7.47, 7.42, 7.38, 7.37, 7.35, 7.32, 7.21,.
Related Stocks
| Global Traffic Network |
| Genelabs Technologies |
| Genta Incorporated |
| Gentex Corporation |
| Genvec |