Stock Technical indicators to notice in BAVARIAN NORDIC (BV3.SG)
1- Last bullish trend was from 6.42 $ (4/23/2012) to 6.65 $ (4/27/2012) a 0.23 $ move 2- The current bearish trend started from 6.65 $ at 4/27/2012 and is currently trading at 6.31 $.
4- BV3.SG current resistance level is at 6.36 which is the 127.20 % fibonacci retracement of the last 0.23 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
BAVARIAN NORDIC (BV3.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 6.650 .
7- The Stock formed a 0.640 $ height triangle which was broken down at 6.600, target of the pattern is 5.960.
BAVARIAN NORDIC (BV3.SG) Mid term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 6.030 and 6.990,resistance between 7.730 and 8.270, the stock channel is currently supported from below by 5.723 and resisted from above by 6.710.
BAVARIAN NORDIC (BV3.SG) Long term stock chart patterns for internet stock trading :
9- The Stock traded in a bearish stock channel identifed by support at 6.030 and 6.990,resistance between 7.730 and 8.270, the stock channel is currently supported from below by 5.723 and resisted from above by 6.710.
Stock Trading Conclusion:
BAVARIAN NORDIC (BV3.SG) was trading in a bearish wave, which is becoming stronger .
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 : 6.36, 6.39, 6.42, 6.44, 6.48, 6.51, 6.52, 6.53, 6.56, 6.60, 6.64, 6.65, 6.92.
Stock Support levels : 6.28,.
