Stock Technical indicators to notice in EURO DISNEY RGPT (EDL.PA)
1- Last bullish trend was from 3.91 $ (4/23/2012) to 4.21 $ (4/25/2012) a 0.30 $ move 2- The current bearish trend started from 4.21 $ at 4/25/2012 and is currently trading at 3.94 $.
4- EDL.PA current resistance level is at 4.02 which is the 61.80 % fibonacci retracement of the last 0.30 $ 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.
EURO DISNEY RGPT (EDL.PA) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 4.210 and 4.290, and is currently resisting at 4.114.
EURO DISNEY RGPT (EDL.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 3.910 and 5.020,resistance between 4.210 and 5.380 which was broken up at 4.160 in higher than usual volume.
EURO DISNEY RGPT (EDL.PA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 4.410 and 4.230 that was broken down at 4.430 transforming into a resistance line.
Stock Trading Conclusion:
EURO DISNEY RGPT (EDL.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 : 4.00, 4.02, 4.04, 4.06, 4.07, 4.10, 4.11, 4.11, 4.14, 4.21, 4.59.
Stock Support levels : 3.91, 3.84, 3.83,.
