Stock Technical indicators to notice in NETGEM (NTG.PA)
1- Last bearish trend was from 2.55 $ (4/17/2012) to 2.16 $ (4/23/2012) a 0.39 $ move 2- The current bullish trend started from 2.16 $ at 4/23/2012 and is currently trading at 2.29 $.
4- NTG.PA current resistance level is at 2.31 which is the 38.20 % fibonacci retracement of the last 0.39 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
NETGEM (NTG.PA) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 2.550 and 3.210 that was broken up at 2.300 transforming into a supporting line.
NETGEM (NTG.PA) Mid term stock chart patterns for internet stock trading :
None.
NETGEM (NTG.PA) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
NETGEM (NTG.PA) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 2.31, 2.36, 2.40, 2.55, 2.66, 2.79.
Stock Support levels : 2.26, 2.25, 2.24, 2.22, 2.21, 2.16,.
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