Stock Technical indicators to notice in BOURSE DIRECT (BSD.PA)
1- Last bullish trend was from 0.91 $ (9/6/2012) to 0.99 $ (9/7/2012) a 0.08 $ move 2- The current bearish trend started from 0.99 $ at 9/7/2012 and is currently trading at 0.89 $.
4- BSD.PA current resistance level is at 0.91 which is the 100.00 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently bearish,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.
BOURSE DIRECT (BSD.PA) Short term stock chart patterns for internet stock trading :
BOURSE DIRECT (BSD.PA) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.990 and 1.090, and is currently resisting at 0.953.
BOURSE DIRECT (BSD.PA) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.990 and 1.090, and is currently resisting at 0.953.
Stock Trading Conclusion:
BOURSE DIRECT (BSD.PA) was trading in a bearish wave, which is becoming weaker .
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 : 0.910, 0.914, 0.928, 0.940, 0.941, 0.950, 0.952, 0.953, 0.959, 0.971, 0.990,.
Stock Support levels : 0.888,.