Stock Technical indicators to notice in GREAT AMER BNCP IN (GTPS.OB)
1- Last bearish trend was from 38.85 $ (12/9/2011) to 35.50 $ (1/17/2012) a 3.35 $ move 2- The current bullish trend started from 35.50 $ at 1/17/2012 and is currently trading at 39.00 $.
4- GTPS.OB current resistance level is at 39.76 which is the 127.20 % fibonacci retracement of the last 3.35 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
GREAT AMER BNCP IN (GTPS.OB) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 35.500 and 36.720,resistance between 38.850 and 42.500 which was broken up at 40.000 in higher than usual volume.
GREAT AMER BNCP IN (GTPS.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 35.500 and 32.600, and is currently supporting at 36.052.
GREAT AMER BNCP IN (GTPS.OB) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 35.500 and 26.860, and is currently supporting at 36.448.
Stock Trading Conclusion:
GREAT AMER BNCP IN (GTPS.OB) was trading in a strong bullish wave, which is becoming weaker .
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 : 39.76, 40.92.
Stock Support levels : 38.85, 38.17, 37.66, 37.57, 37.25, 37.23, 37.17, 36.84, 36.78, 36.45, 36.29, 36.05, 35.50,.
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