Stock Technical indicators to notice in KINDY (KIND.PA)
1- Last bullish trend was from 8.10 $ (4/16/2012) to 8.50 $ (4/27/2012) a 0.40 $ move 2- The current bearish trend started from 8.50 $ at 4/27/2012 and is currently trading at 7.88 $.
4- KIND.PA current resistance level is at 7.99 which is the 127.20 % fibonacci retracement of the last 0.40 $ 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.
KINDY (KIND.PA) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 8.100 and 7.950 that was broken down at 8.110 transforming into a resistance line.
KINDY (KIND.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 1.500 $ height triangle which was broken down at 8.110 in higher than usual volume, target of the pattern is 6.610.
KINDY (KIND.PA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 7.200 and 7.000, and is currently supporting at 7.383.
Stock Trading Conclusion:
KINDY (KIND.PA) was trading in a strong bearish wave, which is becoming stronger .
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 : 7.99, 8.03, 8.10, 8.12, 8.19, 8.25, 8.26, 8.30, 8.34, 8.35, 8.41, 8.46, 8.50,.
Stock Support levels : 7.85, 7.38,.
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