Stock Technical indicators to notice in GulTech (G09.SI)
1- Last bullish trend was from 0.07 $ (4/24/2012) to 0.08 $ (4/27/2012) a 0.01 $ move 2- The current bearish trend started from 0.08 $ at 4/27/2012 and is currently trading at 0.07 $.
4- G09.SI current resistance level is at 0.07 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,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.
GulTech (G09.SI) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.080 .
7- The Stock formed a 0.020 $ height triangle which was broken down at 0.070 in higher than usual volume, target of the pattern is 0.050.
GulTech (G09.SI) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.080 .
9- The Stock formed a 0.020 $ height triangle which was broken down at 0.070 in higher than usual volume, target of the pattern is 0.050.
GulTech (G09.SI) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Top Pattern at 0.080 .
11- The Stock formed a 0.020 $ height triangle which was broken down at 0.070 in higher than usual volume, target of the pattern is 0.050.
Stock Trading Conclusion:
GulTech (G09.SI) was trading in a strong bullish wave, which is becoming weaker .
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 : 0.072, 0.074, 0.075, 0.075, 0.076, 0.078, 0.080,.
Stock Support levels : 0.067, 0.064, 0.050,.
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