Stock Technical indicators to notice in Nuveen New York Select Quality Municipal Fund (NVN)
1- Last bearish trend was from 16.28 $ (3/12/2012) to 14.61 $ (3/16/2012) a 1.67 $ move 2- The current bullish trend started from 14.61 $ at 3/16/2012 and is currently trading at 15.35 $.
4- NVN current resistance level is at 15.44 which is the 50.00 % fibonacci retracement of the last 1.67 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Nuveen New York Select Quality Municipal Fund (NVN) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 14.610 and 13.700, and is currently supporting at 14.854.
Nuveen New York Select Quality Municipal Fund (NVN) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 12.960 and 12.830, and is currently supporting at 13.139.
Nuveen New York Select Quality Municipal Fund (NVN) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 12.830 and 10.670, and is currently supporting at 14.334.
Stock Trading Conclusion:
Nuveen New York Select Quality Municipal Fund (NVN) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 15.44, 15.64, 16.28, 16.73, 17.31.
Stock Support levels : 15.25, 15.18, 15.07, 15.00, 14.98, 14.89, 14.85, 14.61, 14.33,.