Stock Technical indicators to notice in Northwest Indiana Bancorp (NWIN.OB)
1- Last bullish trend was from 18.60 $ (3/27/2012) to 20.00 $ (4/5/2012) a 1.40 $ move 2- The current bearish trend started from 20.00 $ at 4/5/2012 and is currently trading at 18.80 $.
4- NWIN.OB current resistance level is at 19.13 which is the 61.80 % fibonacci retracement of the last 1.40 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
Northwest Indiana Bancorp (NWIN.OB) Short term stock chart patterns for internet stock trading :
None.
Northwest Indiana Bancorp (NWIN.OB) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 18.600 and 13.640 that was broken down at 19.500 transforming into a resistance line.
Northwest Indiana Bancorp (NWIN.OB) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 3.420 $ height triangle which was broken up at 18.600 in higher than usual volume, target of the pattern is 22.020.
Stock Trading Conclusion:
Northwest Indiana Bancorp (NWIN.OB) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 19.08, 19.13, 19.26, 19.30, 19.40, 19.47, 19.54, 19.67, 20.00, 21.41, 22.02.
Stock Support levels : 18.60, 18.22, 17.73,.
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