Stock Technical indicators to notice in AVANQUEST SOFTWARE (BV5.SG)
1- Last bullish trend was from 1.32 $ (4/23/2012) to 1.51 $ (5/3/2012) a 0.19 $ move 2- The current bearish trend started from 1.51 $ at 5/3/2012 and is currently trading at 1.48 $.
4- BV5.SG current resistance level is at 1.51 which is the 0.00 % fibonacci retracement of the last 0.19 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bearish Divergance in MACD Indicator .
AVANQUEST SOFTWARE (BV5.SG) Short term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 1.510 and 1.610, and is currently resisting at 1.492.
AVANQUEST SOFTWARE (BV5.SG) Mid term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 1.320 and 1.490,resistance between 1.610 and 1.940 which was broken up at 1.480.
AVANQUEST SOFTWARE (BV5.SG) Long term stock chart patterns for internet stock trading :
9- The Stock traded in a bearish stock channel identifed by support at 1.320 and 1.870,resistance between 2.050 and 2.250, the stock channel is currently supported from below by 1.196 and resisted from above by 1.583.
Stock Trading Conclusion:
AVANQUEST SOFTWARE (BV5.SG) was trading in a strong bearish wave, which is becoming weaker .
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 : 1.49, 1.49, 1.49, 1.50, 1.50, 1.51,.
Stock Support levels : 1.47, 1.44, 1.41, 1.39, 1.32, 1.27, 1.25,.
