Stock Technical indicators to notice in HIGHLANDS STATE BKNJ (HSBK.OB)
1- Last bullish trend was from 4.00 $ (2/24/2012) to 4.50 $ (4/4/2012) a 0.50 $ move 2- The current bearish trend started from 4.50 $ at 4/4/2012 and is currently trading at 3.80 $.
4- HSBK.OB current resistance level is at 3.86 which is the 127.20 % fibonacci retracement of the last 0.50 $ 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.
HIGHLANDS STATE BKNJ (HSBK.OB) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 4.500 .
7- The Stock formed a 1.500 $ height triangle which was broken down at 4.100, target of the pattern is 2.600.
HIGHLANDS STATE BKNJ (HSBK.OB) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 4.500 .
9- The Stock formed a 1.500 $ height triangle which was broken down at 4.100, target of the pattern is 2.600.
HIGHLANDS STATE BKNJ (HSBK.OB) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Top Pattern at 4.500 .
11- The Stock formed a 1.500 $ height triangle which was broken down at 4.100, target of the pattern is 2.600.
Stock Trading Conclusion:
HIGHLANDS STATE BKNJ (HSBK.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 : 3.86, 3.97, 4.00, 4.07, 4.15, 4.19, 4.23, 4.25, 4.31, 4.38, 4.50, 7.71,.
Stock Support levels : 3.69, 2.60,.
