Stock Technical indicators to notice in MISSISSIPPI PWR CO 4.72 PFD (MSPWP.OB)
1- Last bearish trend was from 97.50 $ (1/22/2014) to 92.10 $ (2/24/2014) a 5.40 $ move 2- The current bullish trend started from 92.10 $ at 2/24/2014 and is currently trading at 95.50 $.
4- MSPWP.OB current resistance level is at 97.50 which is the 100.00 % fibonacci retracement of the last 5.40 $ 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.
MISSISSIPPI PWR CO 4.72 PFD (MSPWP.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 97.500 and 98.790, and is currently resisting at 96.977.
MISSISSIPPI PWR CO 4.72 PFD (MSPWP.OB) Mid term stock chart patterns for internet stock trading :
None.
MISSISSIPPI PWR CO 4.72 PFD (MSPWP.OB) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
MISSISSIPPI PWR CO 4.72 PFD (MSPWP.OB) was trading in a strong bullish wave, which is becoming weaker .
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 : 96.98, 97.50, 98.97, 100.84.
Stock Support levels : 95.44, 94.80, 94.70, 94.20, 94.16, 93.80, 93.40, 93.37, 92.10,.