Stock Technical indicators to notice in Fullnet Communications Inc. (FULO.OB)
1- Last bullish trend was from 0.03 $ (5/9/2011) to 0.06 $ (6/6/2011) a 0.03 $ move 2- The current bearish trend started from 0.06 $ at 6/6/2011 and is currently trading at 0.03 $.
4- FULO.OB current resistance level is at 0.03 which is the 100.00 % fibonacci retracement of the last 0.03 $ 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.
Fullnet Communications Inc. (FULO.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 0.030 and 0.010 that was broken down at 0.050 transforming into a resistance line.
Fullnet Communications Inc. (FULO.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 0.030 and 0.010 that was broken down at 0.050 transforming into a resistance line.
Fullnet Communications Inc. (FULO.OB) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.030 and 0.010 that was broken down at 0.050 transforming into a resistance line.
Stock Trading Conclusion:
Fullnet Communications Inc. (FULO.OB) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 0.037, 0.041, 0.045, 0.049, 0.053, 0.060, 0.103,.
Stock Support levels : 0.022,.
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