Stock Technical indicators to notice in DIC (DPN.SG)
1- Last bullish trend was from 1.43 $ (4/10/2012) to 1.55 $ (4/27/2012) a 0.12 $ move 2- The current bearish trend started from 1.55 $ at 4/27/2012 and is currently trading at 1.44 $.
4- DPN.SG current resistance level is at 1.48 which is the 61.80 % fibonacci retracement of the last 0.12 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
DIC (DPN.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.550 and 1.600, and is currently resisting at 1.542.
DIC (DPN.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.230 $ height triangle which was broken down at 1.440, target of the pattern is 1.210.
DIC (DPN.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 1.370 and 1.130 that was broken down at 1.530 transforming into a resistance line.
Stock Trading Conclusion:
DIC (DPN.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 : 1.45, 1.47, 1.48, 1.48, 1.49, 1.50, 1.50, 1.51, 1.52, 1.54, 1.55, 1.69.
Stock Support levels : 1.43, 1.40, 1.36,.
