Stock Technical indicators to notice in VIAPRESSE N (MLVIA.PA)
1- Last bullish trend was from 9.76 $ (11/29/2010) to 15.00 $ (12/9/2010) a 5.24 $ move 2- The current bearish trend started from 15.00 $ at 12/9/2010 and is currently trading at 9.60 $.
4- MLVIA.PA current resistance level is at 9.76 which is the 100.00 % fibonacci retracement of the last 5.24 $ 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.
VIAPRESSE N (MLVIA.PA) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 9.760 and 9.500 that was broken down at 10.000 transforming into a resistance line.
VIAPRESSE N (MLVIA.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 9.760 and 9.500 that was broken down at 10.000 transforming into a resistance line.
VIAPRESSE N (MLVIA.PA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 9.760 and 9.500 that was broken down at 10.000 transforming into a resistance line.
Stock Trading Conclusion:
VIAPRESSE N (MLVIA.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 : 9.76, 10.25, 10.87, 11.66, 11.76, 12.30, 12.38, 12.94, 13.00, 13.76, 15.00,.
Stock Support levels : 8.33,.
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