Stock Technical indicators to notice in DUNDEE PRECIOUS MET (DPU.SG)
1- Last bullish trend was from 5.30 $ (5/3/2012) to 5.48 $ (5/4/2012) a 0.18 $ move 2- The current bearish trend started from 5.48 $ at 5/4/2012 and is currently trading at 5.23 $.
4- DPU.SG current resistance level is at 5.25 which is the 127.20 % fibonacci retracement of the last 0.18 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
DUNDEE PRECIOUS MET (DPU.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 5.480 and 6.610 that was broken up at 5.230 transforming into a supporting line.
DUNDEE PRECIOUS MET (DPU.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 6.610 and 6.950, and is currently resisting at 6.455.
DUNDEE PRECIOUS MET (DPU.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 6.610 and 6.950, and is currently resisting at 6.455.
Stock Trading Conclusion:
DUNDEE PRECIOUS MET (DPU.SG) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 5.25, 5.29, 5.30, 5.33, 5.36, 5.37, 5.38, 5.39, 5.41, 5.44, 5.48, 6.46,.
Stock Support levels : 5.20,.
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