Stock Technical indicators to notice in FIRST PHILIPPINE HLD (FPHHF.PK)
1- Last bullish trend was from 1.34 $ (2/14/2012) to 1.55 $ (5/8/2012) a 0.21 $ move 2- The current bearish trend started from 1.55 $ at 5/8/2012 and is currently trading at 1.50 $.
4- FPHHF.PK current resistance level is at 1.50 which is the 23.60 % fibonacci retracement of the last 0.21 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
FIRST PHILIPPINE HLD (FPHHF.PK) Short term stock chart patterns for internet stock trading :
None.
FIRST PHILIPPINE HLD (FPHHF.PK) Mid term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 1.340 and 1.150,resistance between 1.490 and 1.310 which was broken down at 1.500.
FIRST PHILIPPINE HLD (FPHHF.PK) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.340 and 1.150 that was broken down at 1.500 transforming into a resistance line.
Stock Trading Conclusion:
FIRST PHILIPPINE HLD (FPHHF.PK) was trading in a strong bullish 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 : 1.50, 1.51, 1.52, 1.52, 1.52, 1.53, 1.55,.
Stock Support levels : 1.47, 1.44, 1.42, 1.34, 1.28,.
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