Stock Technical indicators to notice in Ezra (5DN.SI)
1- Last bullish trend was from 1.01 $ (4/30/2012) to 1.09 $ (5/3/2012) a 0.08 $ move 2- The current bearish trend started from 1.09 $ at 5/3/2012 and is currently trading at 1.03 $.
4- 5DN.SI current resistance level is at 1.04 which is the 61.80 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently 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.
Ezra (5DN.SI) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.090 and 1.170, and is currently resisting at 1.082.
Ezra (5DN.SI) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 1.170 and 1.310, and is currently resisting at 1.074.
Ezra (5DN.SI) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.830 and 0.810, and is currently supporting at 0.939.
Stock Trading Conclusion:
Ezra (5DN.SI) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 1.04, 1.04, 1.05, 1.05, 1.06, 1.06, 1.07, 1.07, 1.07, 1.08, 1.09,.
Stock Support levels : 1.01, 0.99, 0.96,.
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