Stock Technical indicators to notice in ADA (ADA.PA)
1- Last bearish trend was from 8.70 $ (8/11/2010) to 7.80 $ (9/14/2010) a 0.90 $ move 2- The current bullish trend started from 7.80 $ at 9/14/2010 and is currently trading at 8.60 $.
4- ADA.PA current resistance level is at 8.70 which is the 100.00 % fibonacci retracement of the last 0.90 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
ADA (ADA.PA) Short term stock chart patterns for internet stock trading :
None.
ADA (ADA.PA) Mid term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 7.800 .
7- The Stock formed a 1.300 $ height triangle which was broken up at 8.740 in higher than usual volume, target of the pattern is 10.040.
ADA (ADA.PA) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 7.800 .
9- The Stock formed a 1.300 $ height triangle which was broken up at 8.740 in higher than usual volume, target of the pattern is 10.040.
Stock Trading Conclusion:
ADA (ADA.PA) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 8.70, 8.94, 9.26, 10.04,.
Stock Support levels : 8.51, 8.41, 8.36, 8.29, 8.25, 8.20, 8.14, 8.11, 8.01, 7.80,.
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