Stock Technical indicators to notice in Liberty Media Corporation (LINTB)
1- Last bullish trend was from 16.07 $ (1/26/2012) to 19.32 $ (3/21/2012) a 3.25 $ move 2- The current bearish trend started from 19.32 $ at 3/21/2012 and is currently trading at 18.20 $.
4- LINTB current resistance level is at 18.55 which is the 23.60 % fibonacci retracement of the last 3.25 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
Liberty Media Corporation (LINTB) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 16.070 and 15.710, and is currently supporting at 16.934.
Liberty Media Corporation (LINTB) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 16.070 and 13.840, and is currently supporting at 18.128.
Liberty Media Corporation (LINTB) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 5.820 $ height triangle which was broken up at 16.170, target of the pattern is 21.990 which was broken down at 18.490 in higher than usual volume, target of the pattern is 12.670.
Stock Trading Conclusion:
Liberty Media Corporation (LINTB) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 18.46, 18.55, 18.63, 18.76, 18.89, 19.22, 19.32, 21.99.
Stock Support levels : 18.13, 18.08, 17.69, 17.31, 16.93, 16.07, 15.19, 14.58, 14.06,.
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