Stock Technical indicators to notice in DOMINION CITRUS INC (DMCUF.PK)
1- Last bullish trend was from 0.12 $ (8/12/2009) to 0.32 $ (4/22/2010) a 0.20 $ move 2- The current bearish trend started from 0.32 $ at 4/22/2010 and is currently trading at 0.25 $.
4- DMCUF.PK current resistance level is at 0.27 which is the 23.60 % fibonacci retracement of the last 0.20 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
DOMINION CITRUS INC (DMCUF.PK) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.320 and 0.510 that was broken up at 0.250 transforming into a supporting line.
DOMINION CITRUS INC (DMCUF.PK) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.320 and 0.510 that was broken up at 0.250 transforming into a supporting line.
DOMINION CITRUS INC (DMCUF.PK) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.320 and 0.510 that was broken up at 0.250 transforming into a supporting line.
Stock Trading Conclusion:
DOMINION CITRUS INC (DMCUF.PK) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.267, 0.273, 0.277, 0.285, 0.293, 0.320,.
Stock Support levels : 0.244, 0.220, 0.196, 0.145, 0.120, 0.066,.
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