Stock Technical indicators to notice in UNITED FINL BANKING COS NEW (UFBC.OB)
1- Last bullish trend was from 15.50 $ (7/25/2011) to 16.13 $ (8/8/2011) a 0.63 $ move 2- The current bearish trend started from 16.13 $ at 8/8/2011 and is currently trading at 13.51 $.
UNITED FINL BANKING COS NEW (UFBC.OB) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 16.130 and 18.510 that was broken up at 15.750 transforming into a supporting line.
UNITED FINL BANKING COS NEW (UFBC.OB) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 18.510 and 19.950, and is currently resisting at 17.392.
UNITED FINL BANKING COS NEW (UFBC.OB) Long term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 18.250 that failed and formed a resistance.
7- The Stock was resisted by a resistance line, identified by two points: 19.950 and 21.000 that was broken up at 19.850 transforming into a supporting line.
Stock Trading Conclusion:
UNITED FINL BANKING COS NEW (UFBC.OB) was trading in a strong bearish 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 : 14.13, 14.51, 14.82, 15.13, 16.13, 17.39, 18.25.
Stock Support levels : 8.38,.
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