Stock Technical indicators to notice in DTAC 200US$ (B2W.SI)
1- Last bullish trend was from 2.53 $ (4/27/2012) to 2.65 $ (4/30/2012) a 0.12 $ move 2- The current bearish trend started from 2.65 $ at 4/30/2012 and is currently trading at 2.48 $.
4- B2W.SI current resistance level is at 2.50 which is the 127.20 % fibonacci retracement of the last 0.12 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
DTAC 200US$ (B2W.SI) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 2.650 .
7- The Stock formed a 0.150 $ height triangle which was broken down at 2.510, target of the pattern is 2.360.
DTAC 200US$ (B2W.SI) Mid term stock chart patterns for internet stock trading :
8- The Stock formed a 0.500 $ height triangle which was broken down at 2.580, target of the pattern is 2.080.
DTAC 200US$ (B2W.SI) Long term stock chart patterns for internet stock trading :
9- The Stock formed Double Top Pattern at 2.770 .
10- The Stock formed a 0.710 $ height triangle.
Stock Trading Conclusion:
DTAC 200US$ (B2W.SI) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 2.50, 2.52, 2.53, 2.54, 2.57, 2.58, 2.58, 2.59, 2.59, 2.60, 2.62, 2.63, 2.65, 2.66, 2.77.
Stock Support levels : 2.46, 2.36,.
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