Stock Technical indicators to notice in TNT NV ORD SHS (TNTFF.PK)
1- Last bullish trend was from 5.87 $ (4/2/2012) to 6.16 $ (4/4/2012) a 0.29 $ move 2- The current bearish trend started from 6.16 $ at 4/4/2012 and is currently trading at 4.63 $.
TNT NV ORD SHS (TNTFF.PK) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 3.250 $ height triangle which was broken down at 5.760, target of the pattern is 2.510.
TNT NV ORD SHS (TNTFF.PK) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 2.960 and 2.730, and is currently supporting at 4.174.
TNT NV ORD SHS (TNTFF.PK) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 2.960 and 2.730, and is currently supporting at 4.174.
Stock Trading Conclusion:
TNT NV ORD SHS (TNTFF.PK) 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 : 4.99, 5.21, 5.39, 5.58, 6.16, 6.97.
Stock Support levels : 4.17,.
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