Stock Technical indicators to notice in VIV/CITI WTS 09 (2032C.PA)
1- Last bullish trend was from 0.02 $ (5/30/2011) to 0.03 $ (5/31/2011) a 0.01 $ move 2- The current bearish trend started from 0.03 $ at 5/31/2011 and is currently trading at 0.02 $.
4- 2032C.PA current resistance level is at 0.02 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
VIV/CITI WTS 09 (2032C.PA) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 0.020 and 0.030,resistance between 0.030 and 0.040 which was broken up at 0.020.
VIV/CITI WTS 09 (2032C.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 0.020 and 0.030,resistance between 0.030 and 0.040 which was broken up at 0.020.
VIV/CITI WTS 09 (2032C.PA) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 0.020 and 0.030,resistance between 0.030 and 0.040 which was broken up at 0.020.
Stock Trading Conclusion:
VIV/CITI WTS 09 (2032C.PA) was trading in a strong bearish 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 : 0.022, 0.024, 0.025, 0.026, 0.028, 0.030,.
Stock Support levels : 0.017, 0.014, -0.015,.
