Stock Technical indicators to notice in NEE (000585.SZ)
1- Last bearish trend was from 2.68 $ (4/13/2012) to 2.12 $ (5/3/2012) a 0.56 $ move 2- The current bullish trend started from 2.12 $ at 5/3/2012 and is currently trading at 2.21 $.
4- 000585.SZ current resistance level is at 2.25 which is the 23.60 % fibonacci retracement of the last 0.56 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
NEE (000585.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 2.680 and 3.280 that was broken up at 2.210 transforming into a supporting line.
NEE (000585.SZ) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 2.860 and 2.620 that was broken down at 2.790 transforming into a resistance line.
NEE (000585.SZ) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 3.280 and 4.790, and is currently resisting at 3.042.
Stock Trading Conclusion:
NEE (000585.SZ) was trading in a strong bearish wave, which is becoming stronger .
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 : 2.25, 2.33, 2.40, 2.47, 2.68, 2.83, 3.03, 3.04, 3.05.
Stock Support levels : 2.19, 2.18, 2.16, 2.15, 2.12,.
