Stock Technical indicators to notice in DG/ABN AMRO CT (1532N.PA)
1- Last bearish trend was from 18.96 $ (1/26/2012) to 17.25 $ (1/30/2012) a 1.71 $ move 2- The current bullish trend started from 17.25 $ at 1/30/2012 and is currently trading at 18.45 $.
4- 1532N.PA current resistance level is at 18.96 which is the 100.00 % fibonacci retracement of the last 1.71 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
DG/ABN AMRO CT (1532N.PA) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 18.960 .
DG/ABN AMRO CT (1532N.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 17.250 and 13.500, and is currently supporting at 17.638.
DG/ABN AMRO CT (1532N.PA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 13.500 and 10.620 that was broken down at 17.250 transforming into a resistance line.
Stock Trading Conclusion:
DG/ABN AMRO CT (1532N.PA) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 18.91, 18.92, 18.96, 19.43, 20.02.
Stock Support levels : 18.31, 18.17, 18.10, 17.99, 17.90, 17.85, 17.71, 17.65, 17.64, 17.25,.
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