Stock Technical indicators to notice in Ilog S.a. (ILOG)
1- Last bearish trend was from 12.50 $ (11/10/2008) to 11.50 $ (11/20/2008) a 1.00 $ move 2- The current bullish trend started from 11.50 $ at 11/20/2008 and is currently trading at 14.19 $.
Ilog S.a. (ILOG) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Top Pattern at 12.500 that failed, and formed a support .
5- The Stock was resisted by a resistance line, identified by two points: 12.500 and 12.530 that was broken up at 12.440 transforming into a supporting line.
Ilog S.a. (ILOG) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 12.530 and 13.400 that was broken up at 12.500 transforming into a supporting line.
Ilog S.a. (ILOG) Long term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 11.500 and 12.850,resistance between 14.280 and 15.200 which was broken up at 12.850 in higher than usual volume.
Stock Trading Conclusion:
Ilog S.a. (ILOG) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : .
Stock Support levels : 13.56, 13.16, 12.84, 12.53, 12.39, 12.39, 12.35, 11.50,.
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