Stock Technical indicators to notice in GOLAR LNG (GOL.OL)
1- Last bullish trend was from 206.80 $ (4/23/2012) to 218.00 $ (4/26/2012) a 11.20 $ move 2- The current bearish trend started from 218.00 $ at 4/26/2012 and is currently trading at 199.00 $.
GOLAR LNG (GOL.OL) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Bottom Pattern at 206.800 that failed and formed a resistance.
GOLAR LNG (GOL.OL) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 60.000 $ height triangle which was broken down at 234.200, target of the pattern is 174.200.
GOLAR LNG (GOL.OL) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 60.000 $ height triangle which was broken down at 234.200, target of the pattern is 174.200.
Stock Trading Conclusion:
GOLAR LNG (GOL.OL) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 203.48, 206.26, 206.44, 208.50, 210.74, 218.00, 250.20,.
Stock Support levels : 174.20,.
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