Today we’ll analyze the stock Intersections (INTX) for online market trading,
Technical indicators to notice in Intersections (INTX)
1- Last bearish trend was from 5.21$ (11/13/2008) to 4.10$ (11/14/2008) a 1.11$ move
2- The current bullish trend started from 4.10$ at 11/14/2008 and is currently trading at 4.40$.

3- INTX current support level is at 4.36 which is the 23.60% fibonacci retracement of the last 1.11$ move.
4- INTX current resistance level is at 4.52 which is the 38.20% fibonacci retracement of the last 1.11$ move.
5- According to ADX, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Intersections (INTX) Short term chart patterns :
6- The Stock formed a 5.2$ height triangle which was broken down at 4.4, target of the pattern is -0.8.
Intersections (INTX) Mid term chart patterns :
7- The Stock formed a 6.16$ height triangle which was broken down at 4.4, target of the pattern is -1.76.
Intersections (INTX) Long term chart patterns :
8- The Stock traded in a bearish channel identifed by support at 3.25 and 8.24, resistance between 5.21 and 9.41, the channel is currently supported from below by 2.6512 and resisted from above by 4.82818.
Conclusion:
Intersections (INTX) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
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Resistance Levels: 4.52, 4.52, 4.65, 4.79, 5.21, 5.51, 5.90, 8.46, 9.00, 9.31.
Support Levels: 4.36, 4.33, 4.29, 4.25, 4.21, 4.10, -0.80,.













