Stock Technical indicators to notice in ACTIA GROUP (ATI.PA)
1- Last bullish trend was from 1.60 $ (3/22/2012) to 1.87 $ (4/2/2012) a 0.27 $ move 2- The current bearish trend started from 1.87 $ at 4/2/2012 and is currently trading at 1.49 $.
4- ATI.PA current resistance level is at 1.53 which is the 127.20 % fibonacci retracement of the last 0.27 $ 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.
ACTIA GROUP (ATI.PA) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 1.600 that failed and formed a resistance.
ACTIA GROUP (ATI.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.370 and 1.360, and is currently supporting at 1.426.
ACTIA GROUP (ATI.PA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 1.360 and 1.340, and is currently supporting at 1.421.
Stock Trading Conclusion:
ACTIA GROUP (ATI.PA) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 1.53, 1.58, 1.60, 1.64, 1.68, 1.70, 1.72, 1.74, 1.77, 1.81, 1.87,.
Stock Support levels : 1.43, 1.43,.
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