Stock Technical indicators to notice in Bankers Store Inc. (BSTR.OB)
1- Last bullish trend was from 0.01 $ (2/4/2011) to 0.08 $ (4/20/2011) a 0.07 $ move 2- The current bearish trend started from 0.08 $ at 4/20/2011 and is currently trading at 0.02 $.
4- BSTR.OB current resistance level is at 0.04 which is the 61.80 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
Bankers Store Inc. (BSTR.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.080 and 0.090, and is currently resisting at 0.057.
Bankers Store Inc. (BSTR.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.080 and 0.090, and is currently resisting at 0.057.
Bankers Store Inc. (BSTR.OB) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.080 and 0.090, and is currently resisting at 0.057.
Stock Trading Conclusion:
Bankers Store Inc. (BSTR.OB) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 0.034, 0.037, 0.043, 0.045, 0.050, 0.053, 0.057, 0.057, 0.063, 0.080,.
Stock Support levels : 0.010, -0.009,.
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