Stock Technical indicators to notice in Temple-inland Inc. (TIN)
1- Last bearish trend was from 25.33 $ (9/1/2011) to 24.53 $ (9/2/2011) a 0.80 $ move 2- The current bullish trend started from 24.53 $ at 9/2/2011 and is currently trading at 31.99 $.
Temple-inland Inc. (TIN) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 6.970 $ height triangle which was broken up at 30.720 in higher than usual volume, target of the pattern is 37.690 which was broken down at 31.240, target of the pattern is 24.270.
Temple-inland Inc. (TIN) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 28.100 and 31.130 that was broken up at 30.720 transforming into a supporting line.
Temple-inland Inc. (TIN) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 28.100 and 31.130 that was broken up at 30.720 transforming into a supporting line.
Stock Trading Conclusion:
Temple-inland Inc. (TIN) 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 : 37.69, 97.21.
Stock Support levels : 30.23, 29.14, 28.26, 27.38, 24.53, 24.27, 1.41,.
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