Stock Technical indicators to notice in Pollex (PLLX.OB)
1- Last bullish trend was from 0.01 $ (8/24/2010) to 0.04 $ (9/14/2010) a 0.03 $ move 2- The current bearish trend started from 0.04 $ at 9/14/2010 and is currently trading at 0.01 $.
4- PLLX.OB current resistance level is at 0.01 which is the 100.00 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
Pollex (PLLX.OB) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.040 .
Pollex (PLLX.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 0.040 .
Pollex (PLLX.OB) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.040 .
Stock Trading Conclusion:
Pollex (PLLX.OB) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 0.017, 0.020, 0.021, 0.025, 0.029, 0.033, 0.040,.
Stock Support levels : 0.002,.
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