Stock Technical indicators to notice in TERREIS (TER.PA)
1- Last bullish trend was from 13.10 $ (4/20/2012) to 13.60 $ (4/26/2012) a 0.50 $ move 2- The current bearish trend started from 13.60 $ at 4/26/2012 and is currently trading at 12.95 $.
4- TER.PA current resistance level is at 12.96 which is the 127.20 % fibonacci retracement of the last 0.50 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
TERREIS (TER.PA) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 1.600 $ height triangle which was broken down at 13.110, target of the pattern is 11.510.
TERREIS (TER.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 12.200 and 11.400 that was broken down at 13.110 transforming into a resistance line.
TERREIS (TER.PA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 12.200 and 11.400 that was broken down at 13.110 transforming into a resistance line.
Stock Trading Conclusion:
TERREIS (TER.PA) was trading in a bearish 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 : 12.96, 13.10, 13.10, 13.12, 13.17, 13.20, 13.28, 13.29, 13.35, 13.35, 13.41, 13.48, 13.60,.
Stock Support levels : 12.79,.
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