Stock Technical indicators to notice in FONCIERE LYONNAISE (FLY.PA)
1- Last bearish trend was from 34.73 $ (12/22/2011) to 33.49 $ (12/30/2011) a 1.24 $ move 2- The current bullish trend started from 33.49 $ at 12/30/2011 and is currently trading at 35.00 $.
4- FLY.PA current resistance level is at 35.07 which is the 127.20 % fibonacci retracement of the last 1.24 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
FONCIERE LYONNAISE (FLY.PA) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 33.490 and 32.750, and is currently supporting at 34.674.
FONCIERE LYONNAISE (FLY.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 36.900 and 43.210 that was broken up at 34.730 transforming into a supporting line.
FONCIERE LYONNAISE (FLY.PA) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 36.900 and 43.300 that was broken up at 33.490 transforming into a supporting line.
Stock Trading Conclusion:
FONCIERE LYONNAISE (FLY.PA) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 35.07, 35.50.
Stock Support levels : 34.73, 34.67, 34.64, 34.42, 34.26, 34.25, 34.11, 34.07, 33.96, 33.78, 33.49, 32.17,.
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