Stock Technical indicators to notice in AEROPORTO FIRENZE (AFA.SG)
1- Last bearish trend was from 9.07 $ (2/9/2012) to 8.31 $ (4/13/2012) a 0.76 $ move 2- The current bullish trend started from 8.31 $ at 4/13/2012 and is currently trading at 8.40 $.
4- AFA.SG current resistance level is at 8.49 which is the 23.60 % fibonacci retracement of the last 0.76 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
AEROPORTO FIRENZE (AFA.SG) Short term stock chart patterns for internet stock trading :
None.
AEROPORTO FIRENZE (AFA.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 9.070 and 9.740 that was broken up at 8.730 transforming into a supporting line.
AEROPORTO FIRENZE (AFA.SG) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 9.740 .
Stock Trading Conclusion:
AEROPORTO FIRENZE (AFA.SG) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 8.49, 8.60, 8.69, 8.78, 9.07, 9.28, 9.54, 9.72.
Stock Support levels : 8.38, 8.37, 8.35, 8.34, 8.31,.
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