Stock Technical indicators to notice in Krispy Kreme Doughnuts (KKD)
1- Last bearish trend was from 3.95 $ (8/17/2010) to 3.59 $ (8/24/2010) a 0.36 $ move 2- The current bullish trend started from 3.59 $ at 8/24/2010 and is currently trading at 4.12 $.
4- KKD current resistance level is at 4.17 which is the 161.80 % fibonacci retracement of the last 0.36 $ move.
5- According to ADX Indicator, the trend is currently 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.
Krispy Kreme Doughnuts (KKD) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 3.950 and 4.120 that was broken up at 3.900 transforming into a supporting line.
Krispy Kreme Doughnuts (KKD) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 3.590 and 3.280,resistance between 4.120 and 3.760, the stock channel is currently supported from below by 3.643 and resisted from above by 4.310.
Krispy Kreme Doughnuts (KKD) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 3.590 and 3.280,resistance between 4.120 and 3.760, the stock channel is currently supported from below by 3.643 and resisted from above by 4.310.
Stock Trading Conclusion:
Krispy Kreme Doughnuts (KKD) was trading in a 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 : 4.17.
Stock Support levels : 4.05, 3.99, 3.95, 3.92, 3.86, 3.81, 3.79, 3.77, 3.76, 3.73, 3.72, 3.67, 3.59,.