Stock Technical indicators to notice in RUE DU COMMERCE -A- (RDC.PA)
1- Last bullish trend was from 7.10 $ (3/6/2012) to 8.00 $ (3/26/2012) a 0.90 $ move 2- The current bearish trend started from 8.00 $ at 3/26/2012 and is currently trading at 7.15 $.
4- RDC.PA current resistance level is at 7.44 which is the 61.80 % fibonacci retracement of the last 0.90 $ 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.
RUE DU COMMERCE -A- (RDC.PA) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 3.650 $ height triangle which was broken down at 7.700, target of the pattern is 4.050.
RUE DU COMMERCE -A- (RDC.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 3.650 $ height triangle which was broken down at 7.700, target of the pattern is 4.050.
RUE DU COMMERCE -A- (RDC.PA) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 3.650 $ height triangle which was broken down at 7.700, target of the pattern is 4.050.
Stock Trading Conclusion:
RUE DU COMMERCE -A- (RDC.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 : 7.35, 7.44, 7.47, 7.55, 7.57, 7.66, 7.68, 7.79, 7.80, 8.00,.
Stock Support levels : 7.10, 6.86, 6.54, 4.05,.
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