Stock Technical indicators to notice in NEW RESOURCE BANK CA (NWBN.OB)
1- Last bearish trend was from 4.70 $ (3/5/2014) to 4.30 $ (3/7/2014) a 0.40 $ move 2- The current bullish trend started from 4.30 $ at 3/7/2014 and is currently trading at 4.70 $.
4- NWBN.OB current resistance level is at 4.81 which is the 127.20 % fibonacci retracement of the last 0.40 $ 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.
NEW RESOURCE BANK CA (NWBN.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 4.300 and 3.950, and is currently supporting at 4.313.
NEW RESOURCE BANK CA (NWBN.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 4.300 and 3.850, and is currently supporting at 4.309.
NEW RESOURCE BANK CA (NWBN.OB) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 0.930 $ height triangle which was broken up at 4.300 in higher than usual volume, target of the pattern is 5.230.
Stock Trading Conclusion:
NEW RESOURCE BANK CA (NWBN.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 : 4.81, 4.95, 5.23.
Stock Support levels : 4.61, 4.55, 4.50, 4.45, 4.39, 4.31, 4.31, 4.30,.
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