Stock Technical indicators to notice in Ltx Corporation (LTXX)
1- Last bullish trend was from 1.85 $ (8/26/2008) to 1.96 $ (8/28/2008) a 0.11 $ move 2- The current bearish trend started from 1.96 $ at 8/28/2008 and is currently trading at 1.79 $.
4- LTXX current resistance level is at 1.82 which is the 127.20 % fibonacci retracement of the last 0.11 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
Ltx Corporation (LTXX) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.960 and 2.200, and is currently resisting at 1.933.
Ltx Corporation (LTXX) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 2.030 that failed and formed a resistance.
Ltx Corporation (LTXX) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 2.630 and 3.000, and is currently resisting at 2.084.
Stock Trading Conclusion:
Ltx Corporation (LTXX) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 1.82, 1.83, 1.85, 1.85, 1.88, 1.89, 1.90, 1.90, 1.92, 1.93, 1.93, 1.96, 2.00, 2.08.
Stock Support levels :.
|LULULEMON ATHLETICA INC|
|Luna Innovations Incorporated|
|Level 3 Communications|