Stock Technical indicators to notice in KEYRUS (KEY.PA)
1- Last bullish trend was from 18.07 $ (5/25/2010) to 24.05 $ (8/20/2010) a 5.98 $ move 2- The current bearish trend started from 24.05 $ at 8/20/2010 and is currently trading at 23.50 $.
4- KEY.PA current resistance level is at 24.05 which is the 0.00 % fibonacci retracement of the last 5.98 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
KEYRUS (KEY.PA) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 18.070 and 17.030,resistance between 24.050 and 19.560 which was broken down at 23.500 in higher than usual volume.
KEYRUS (KEY.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 3.010 $ height triangle which was broken up at 19.240, target of the pattern is 22.250 which was broken down at 23.500 in higher than usual volume, target of the pattern is 20.490.
KEYRUS (KEY.PA) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 17.030 and 1.070,resistance between 20.040 and 1.250 which was broken down at 19.340.
Stock Trading Conclusion:
KEYRUS (KEY.PA) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 23.59, 23.63, 23.71, 23.77, 23.84, 24.05, 41.27.
Stock Support levels : 22.64, 21.77, 21.06, 20.49, 20.35, 18.07, 17.06, 16.44,.