Stock Technical indicators to notice in BRADESPAR -ON (BRAP3.SA)
1- Last bullish trend was from 35.24 $ (4/11/2012) to 37.58 $ (4/17/2012) a 2.34 $ move 2- The current bearish trend started from 37.58 $ at 4/17/2012 and is currently trading at 35.88 $.
4- BRAP3.SA current resistance level is at 36.13 which is the 61.80 % fibonacci retracement of the last 2.34 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
BRADESPAR -ON (BRAP3.SA) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 37.580 and 37.800, and is currently resisting at 37.316.
BRADESPAR -ON (BRAP3.SA) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 38.180 and 39.980 that was broken up at 37.150 transforming into a supporting line.
BRADESPAR -ON (BRAP3.SA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 31.600 and 25.090 that was broken down at 36.500 transforming into a resistance line.
Stock Trading Conclusion:
BRADESPAR -ON (BRAP3.SA) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 36.13, 36.28, 36.41, 36.53, 36.69, 36.73, 36.93, 37.03, 37.32, 37.58, 37.76, 42.35.
Stock Support levels : 35.24, 34.60, 33.79,.
