Stock Technical indicators to notice in Manhattan Associates (MANH)
1- Last bullish trend was from 45.22 $ (4/19/2012) to 50.94 $ (4/27/2012) a 5.72 $ move 2- The current bearish trend started from 50.94 $ at 4/27/2012 and is currently trading at 48.84 $.
4- MANH current resistance level is at 49.59 which is the 23.60 % fibonacci retracement of the last 5.72 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Manhattan Associates (MANH) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 45.220 and 41.100, and is currently supporting at 46.136.
Manhattan Associates (MANH) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 45.220 and 39.770, and is currently supporting at 46.265.
Manhattan Associates (MANH) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 45.220 and 39.770, and is currently supporting at 46.265.
Stock Trading Conclusion:
Manhattan Associates (MANH) was trading in a bullish wave, which is becoming weaker .
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 : 49.34, 49.59, 49.64, 49.89, 50.14, 50.94,.
Stock Support levels : 48.75, 48.08, 47.41, 46.27, 46.14, 45.22, 43.66,.
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