Stock Technical indicators to notice in Input/output (IO)
1- Last bullish trend was from 5.45 $ (4/16/2012) to 7.37 $ (5/3/2012) a 1.92 $ move 2- The current bearish trend started from 7.37 $ at 5/3/2012 and is currently trading at 6.88 $.
4- IO current resistance level is at 6.92 which is the 23.60 % fibonacci retracement of the last 1.92 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
Input/output (IO) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 5.450 and 5.310, and is currently supporting at 6.045.
Input/output (IO) Mid term stock chart patterns for internet stock trading :
None.
Input/output (IO) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
Input/output (IO) was trading in a strong bullish 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 : 6.92, 7.00, 7.07, 7.13, 7.18, 7.37,.
Stock Support levels : 6.64, 6.41, 6.18, 6.04, 5.45, 4.93,.
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