Stock Technical indicators to notice in PRIME BANK (CT) (PMHV.OB)
1- Last bearish trend was from 6.75 $ (12/14/2009) to 5.30 $ (2/16/2010) a 1.45 $ move 2- The current bullish trend started from 5.30 $ at 2/16/2010 and is currently trading at 6.00 $.
4- PMHV.OB current resistance level is at 6.03 which is the 50.00 % fibonacci retracement of the last 1.45 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
PRIME BANK (CT) (PMHV.OB) Short term stock chart patterns for internet stock trading :
None.
PRIME BANK (CT) (PMHV.OB) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 6.750 and 7.000, and is currently resisting at 6.429.
PRIME BANK (CT) (PMHV.OB) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 6.750 and 7.000, and is currently resisting at 6.429.
Stock Trading Conclusion:
PRIME BANK (CT) (PMHV.OB) was trading in a strong bullish wave, which is becoming stronger .
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 : 6.03, 6.20, 6.43, 6.75, 7.14, 7.65.
Stock Support levels : 5.85, 5.83, 5.73, 5.65, 5.64, 5.57, 5.30,.