Stock Technical indicators to notice in AXIS-SHIELD (ASD.OL)
1- Last bullish trend was from 41.00 $ (11/2/2011) to 44.00 $ (11/4/2011) a 3.00 $ move 2- The current bearish trend started from 44.00 $ at 11/4/2011 and is currently trading at 42.00 $.
4- ASD.OL current resistance level is at 42.15 which is the 61.80 % fibonacci retracement of the last 3.00 $ 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.
AXIS-SHIELD (ASD.OL) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 41.000 and 40.000 that was broken down at 41.800 transforming into a resistance line.
AXIS-SHIELD (ASD.OL) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 43.800 and 45.000 that was broken up at 41.500 transforming into a supporting line.
AXIS-SHIELD (ASD.OL) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 43.800 and 45.000 that was broken up at 41.500 transforming into a supporting line.
Stock Trading Conclusion:
AXIS-SHIELD (ASD.OL) was trading in a strong bullish 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 : 42.15, 42.32, 42.47, 42.50, 42.76, 42.85, 43.00, 43.24, 43.29, 44.00, 45.33.
Stock Support levels : 41.00, 40.63, 40.18,.
