Stock Technical indicators to notice in Ford Motor Credit Company (FCJ)
1- Last bearish trend was from 23.11 $ (5/12/2010) to 22.08 $ (5/20/2010) a 1.03 $ move 2- The current bullish trend started from 22.08 $ at 5/20/2010 and is currently trading at 24.75 $.
Ford Motor Credit Company (FCJ) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 2.610 $ height triangle which was broken up at 22.520, target of the pattern is 25.130 which was broken down at 22.510, target of the pattern is 19.900.
Ford Motor Credit Company (FCJ) Mid term stock chart patterns for internet stock trading :
5- The Stock traded in a bullish stock channel identifed by support at 21.400 and 13.310,resistance between 24.010 and 15.850, the stock channel is currently supported from below by 24.429 and resisted from above by 27.957.
Ford Motor Credit Company (FCJ) Long term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 21.400 and 13.310,resistance between 24.010 and 15.850, the stock channel is currently supported from below by 24.429 and resisted from above by 27.957.
Stock Trading Conclusion:
Ford Motor Credit Company (FCJ) 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 : 25.13, 26.98.
Stock Support levels : 24.12, 23.73, 23.42, 23.10, 22.08, 20.41,.