Stock Technical indicators to notice in ALFA LAVAL (ALFA.ST)
1- Last bearish trend was from 143.60 $ (4/20/2012) to 131.20 $ (4/24/2012) a 12.40 $ move 2- The current bullish trend started from 131.20 $ at 4/24/2012 and is currently trading at 133.00 $.
4- ALFA.ST current resistance level is at 134.13 which is the 23.60 % fibonacci retracement of the last 12.40 $ move.
5- According to ADX Indicator, the trend is currently 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.
ALFA LAVAL (ALFA.ST) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 131.200 .
ALFA LAVAL (ALFA.ST) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 129.770 .
ALFA LAVAL (ALFA.ST) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 129.700 and 114.400 that was broken down at 133.900 transforming into a resistance line.
Stock Trading Conclusion:
ALFA LAVAL (ALFA.ST) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 134.13, 135.94, 137.40, 138.41, 138.86, 143.60, 146.97, 151.26.
Stock Support levels : 132.58, 132.31, 132.10, 131.89, 131.30, 131.20,.
