Stock Technical indicators to notice in RURIC -B- (RURI-B.ST)
1- Last bearish trend was from 2.59 $ (3/4/2011) to 2.32 $ (3/16/2011) a 0.27 $ move 2- The current bullish trend started from 2.32 $ at 3/16/2011 and is currently trading at 2.67 $.
4- RURI-B.ST current resistance level is at 2.76 which is the 161.80 % fibonacci retracement of the last 0.27 $ move.
5- According to ADX Indicator, the trend is currently bullish, 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.
RURIC -B- (RURI-B.ST) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 2.590 and 2.800 that was broken up at 2.490 transforming into a supporting line.
RURIC -B- (RURI-B.ST) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 2.590 and 2.800 that was broken up at 2.490 transforming into a supporting line.
RURIC -B- (RURI-B.ST) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 2.800 and 2.980 that was broken up at 2.520 transforming into a supporting line.
Stock Trading Conclusion:
RURIC -B- (RURI-B.ST) was trading in a bullish 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 : 2.76.
Stock Support levels : 2.66, 2.59, 2.59, 2.54, 2.49, 2.49, 2.45, 2.45, 2.42, 2.42, 2.38, 2.32, 2.28,.
