Stock Technical indicators to notice in DU PONT NEMOURS and CO (DUPP.PA)
1- Last bearish trend was from 40.80 $ (4/18/2012) to 38.15 $ (5/1/2012) a 2.65 $ move 2- The current bullish trend started from 38.15 $ at 5/1/2012 and is currently trading at 39.25 $.
4- DUPP.PA current resistance level is at 39.47 which is the 50.00 % fibonacci retracement of the last 2.65 $ 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.
DU PONT NEMOURS and CO (DUPP.PA) Short term stock chart patterns for internet stock trading :
6- The Stock is trading in a stock channel between 38.150 $ and 40.800 $.
DU PONT NEMOURS and CO (DUPP.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 40.800 .
8- The Stock formed a 4.160 $ height triangle which was broken down at 39.250, target of the pattern is 35.090.
DU PONT NEMOURS and CO (DUPP.PA) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 28.600 and 26.120 that was broken down at 39.210 transforming into a resistance line.
Stock Trading Conclusion:
DU PONT NEMOURS and CO (DUPP.PA) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 39.47, 39.63, 39.79, 40.80, 40.80, 40.81, 41.52, 42.44, 47.32.
Stock Support levels : 39.16, 38.99, 38.83, 38.78, 38.70, 38.57, 38.15, 38.11,.
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