Stock Technical indicators to notice in Select Asset Inc. (JBR)
1- Last bearish trend was from 16.00 $ (1/14/2014) to 13.68 $ (2/5/2014) a 2.32 $ move 2- The current bullish trend started from 13.68 $ at 2/5/2014 and is currently trading at 16.50 $.
4- JBR current resistance level is at 16.63 which is the 127.20 % fibonacci retracement of the last 2.32 $ 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.
Select Asset Inc. (JBR) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 16.000 and 16.150 that was broken up at 15.600 transforming into a supporting line.
Select Asset Inc. (JBR) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 16.400 and 17.500 that was broken up at 13.970 transforming into a supporting line.
Select Asset Inc. (JBR) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 17.500 and 19.190, and is currently resisting at 16.503.
Stock Trading Conclusion:
Select Asset Inc. (JBR) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 16.50, 16.63, 17.43.
Stock Support levels : 16.00, 15.83, 15.42, 15.11, 15.09, 14.84, 14.76, 14.65, 14.57, 14.23, 13.68,.
|Select Asset Inc.|
|Jack In The Box Inc.|
|NUVEEN CORE EQUITY ALPHA FUND|
|J. Crew Group|