Stock Technical indicators to notice in AAA AUTO GROUP (4AA.SG)
1- Last bullish trend was from 0.72 $ (4/23/2012) to 0.75 $ (5/3/2012) a 0.03 $ move 2- The current bearish trend started from 0.75 $ at 5/3/2012 and is currently trading at 0.71 $.
4- 4AA.SG current resistance level is at 0.71 which is the 127.20 % fibonacci retracement of the last 0.03 $ 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.
AAA AUTO GROUP (4AA.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.720 that failed and formed a resistance.
7- The Stock formed Double Top Pattern at 0.750 .
AAA AUTO GROUP (4AA.SG) Mid term stock chart patterns for internet stock trading :
None.
AAA AUTO GROUP (4AA.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.750 and 0.820 that was broken up at 0.710 transforming into a supporting line.
Stock Trading Conclusion:
AAA AUTO GROUP (4AA.SG) was trading in a bullish wave, which is becoming stronger .
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 : 0.712, 0.719, 0.720, 0.725, 0.730, 0.731, 0.735, 0.735, 0.739, 0.743, 0.750,.
Stock Support levels : 0.701,.
