Stock Technical indicators to notice in Immediatek Inc. (IMKI.OB)
1- Last bearish trend was from 1.05 $ (3/19/2010) to 1.01 $ (4/7/2010) a 0.04 $ move 2- The current bullish trend started from 1.01 $ at 4/7/2010 and is currently trading at 1.20 $.
Immediatek Inc. (IMKI.OB) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 1.340 $ height triangle which was broken up at 1.020, target of the pattern is 2.360.
Immediatek Inc. (IMKI.OB) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 1.950 and 4.000 that was broken up at 1.050 transforming into a supporting line.
Immediatek Inc. (IMKI.OB) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.950 and 4.000 that was broken up at 1.050 transforming into a supporting line.
Stock Trading Conclusion:
Immediatek Inc. (IMKI.OB) 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 : 2.36.
Stock Support levels : 1.16, 1.13, 1.11, 1.08, 1.01, 0.68, -0.98,.
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