Stock Technical indicators to notice in Select Asset Inc. (JBR)
1- Last bullish trend was from 22.45 $ (9/25/2012) to 25.00 $ (11/6/2012) a 2.55 $ move 2- The current bearish trend started from 25.00 $ at 11/6/2012 and is currently trading at 21.22 $.
4- JBR current resistance level is at 21.76 which is the 127.20 % fibonacci retracement of the last 2.55 $ 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.
Select Asset Inc. (JBR) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 22.450 and 21.330 that was broken down at 21.220 transforming into a resistance line.
Select Asset Inc. (JBR) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 21.330 and 19.900,resistance between 25.000 and 24.100 which was broken down at 21.220 in higher than usual volume.
Select Asset Inc. (JBR) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 21.330 and 19.900,resistance between 25.000 and 24.100 which was broken down at 21.220 in higher than usual volume.
Stock Trading Conclusion:
Select Asset Inc. (JBR) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 21.76, 21.83, 22.11, 22.45, 22.66, 23.11, 23.17, 23.42, 23.56, 23.73, 24.03, 24.40, 25.00,.
Stock Support levels : 20.87.
|Select Asset Inc.|
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