Stock Technical indicators to notice in Vion Pharmaceuticals Inc. (VION.OB)
1- Last bearish trend was from 0.15 $ (12/24/2009) to 0.11 $ (12/28/2009) a 0.04 $ move 2- The current bullish trend started from 0.11 $ at 12/28/2009 and is currently trading at 0.12 $.
4- VION.OB current resistance level is at 0.13 which is the 38.20 % fibonacci retracement of the last 0.04 $ 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.
Vion Pharmaceuticals Inc. (VION.OB) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.880 $ height triangle which was broken up at 0.110, target of the pattern is 0.990 which was broken down at 0.120, target of the pattern is -0.760.
Vion Pharmaceuticals Inc. (VION.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.880 $ height triangle which was broken up at 0.110, target of the pattern is 0.990 which was broken down at 0.120, target of the pattern is -0.760.
Vion Pharmaceuticals Inc. (VION.OB) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 0.880 $ height triangle which was broken up at 0.110, target of the pattern is 0.990 which was broken down at 0.120, target of the pattern is -0.760.
Stock Trading Conclusion:
Vion Pharmaceuticals Inc. (VION.OB) was trading in a strong bearish 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 : 0.123, 0.125, 0.130, 0.135, 0.150, 0.161, 0.175, 0.990,.
Stock Support levels : 0.119, 0.118, 0.116, 0.115, 0.114, 0.110, 0.017, -0.760,.
