Stock Technical indicators to notice in PX1/BNPPAI CT.10 (1479B.PA)
1- Last bullish trend was from 8.76 $ (1/25/2008) to 11.46 $ (2/11/2008) a 2.70 $ move 2- The current bearish trend started from 11.46 $ at 2/11/2008 and is currently trading at 9.35 $.
4- 1479B.PA current resistance level is at 9.79 which is the 61.80 % fibonacci retracement of the last 2.70 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,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.
PX1/BNPPAI CT.10 (1479B.PA) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 8.760 and 3.860 that was broken down at 9.810 transforming into a resistance line.
PX1/BNPPAI CT.10 (1479B.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 8.760 and 3.860 that was broken down at 9.810 transforming into a resistance line.
PX1/BNPPAI CT.10 (1479B.PA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 8.760 and 2.740 that was broken down at 9.810 transforming into a resistance line.
Stock Trading Conclusion:
PX1/BNPPAI CT.10 (1479B.PA) was trading in a strong bullish wave, which is becoming weaker .
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 : 9.79, 9.85, 10.11, 10.16, 10.41, 10.43, 10.65, 10.82, 11.27, 11.46, 11.82,.
Stock Support levels : 8.76, 8.03,.
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