Stock Technical indicators to notice in Victoria Industries Inc. (VIIN.OB)
1- Last bullish trend was from 0.10 $ (12/3/2007) to 0.35 $ (12/27/2007) a 0.25 $ move 2- The current bearish trend started from 0.35 $ at 12/27/2007 and is currently trading at 0.10 $.
4- VIIN.OB current resistance level is at 0.20 which is the 61.80 % fibonacci retracement of the last 0.25 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
Victoria Industries Inc. (VIIN.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.350 and 1.100 that was broken up at 0.110 transforming into a supporting line.
Victoria Industries Inc. (VIIN.OB) Mid term stock chart patterns for internet stock trading :
None.
Victoria Industries Inc. (VIIN.OB) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
Victoria Industries Inc. (VIIN.OB) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.159, 0.196, 0.225, 0.255, 0.291, 0.350,.
Stock Support levels : 0.100, 0.032, -0.055,.