Stock Technical indicators to notice in Royal Financial Inc. (RYFL.OB)
1- Last bearish trend was from 2.90 $ (3/5/2012) to 2.50 $ (4/18/2012) a 0.40 $ move 2- The current bullish trend started from 2.50 $ at 4/18/2012 and is currently trading at 2.60 $.
4- RYFL.OB current resistance level is at 2.65 which is the 38.20 % fibonacci retracement of the last 0.40 $ 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.
Royal Financial Inc. (RYFL.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 2.500 and 2.070 that was broken down at 2.600 transforming into a resistance line.
Royal Financial Inc. (RYFL.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 2.070 and 1.850, and is currently supporting at 2.456.
Royal Financial Inc. (RYFL.OB) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
Royal Financial Inc. (RYFL.OB) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 2.61, 2.65, 2.70, 2.75, 2.90, 3.01, 3.15.
Stock Support levels : 2.59, 2.58, 2.56, 2.55, 2.54, 2.50,.
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