Stock Technical indicators to notice in Wound Management Technologies (WNDM.OB)
1- Last bearish trend was from 0.48 $ (11/5/2010) to 0.35 $ (11/9/2010) a 0.13 $ move 2- The current bullish trend started from 0.35 $ at 11/9/2010 and is currently trading at 0.44 $.
4- WNDM.OB current resistance level is at 0.48 which is the 100.00 % fibonacci retracement of the last 0.13 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Wound Management Technologies (WNDM.OB) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.350 .
Wound Management Technologies (WNDM.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 0.350 .
Wound Management Technologies (WNDM.OB) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.350 .
Stock Trading Conclusion:
Wound Management Technologies (WNDM.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 : 0.480, 0.515, 0.560.
Stock Support levels : 0.430, 0.419, 0.415, 0.406, 0.400, 0.400, 0.395, 0.384, 0.381, 0.350,.
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