Stock Technical indicators to notice in Torchmark Corporation (TMK)
1- Last bearish trend was from 78.69 $ (1/9/2014) to 72.55 $ (2/3/2014) a 6.14 $ move 2- The current bullish trend started from 72.55 $ at 2/3/2014 and is currently trading at 79.83 $.
4- TMK current resistance level is at 80.36 which is the 127.20 % fibonacci retracement of the last 6.14 $ 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.
Torchmark Corporation (TMK) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 72.550 .
Torchmark Corporation (TMK) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 72.550 and 48.920,resistance between 78.690 and 52.600, the stock channel is currently supported from below by 74.409 and resisted from above by 81.852.
Torchmark Corporation (TMK) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 45.020 and 33.210, and is currently supporting at 76.092.
Stock Trading Conclusion:
Torchmark Corporation (TMK) 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 : 80.36, 82.48.
Stock Support levels : 78.69, 78.11, 77.05, 76.34, 76.19, 76.09, 75.62, 75.33, 74.90, 74.00, 72.55, 72.55, 72.54,.
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