Stock Technical indicators to notice in IXIA (IXJ.SG)
1- Last bullish trend was from 9.08 $ (4/23/2012) to 9.80 $ (4/26/2012) a 0.72 $ move 2- The current bearish trend started from 9.80 $ at 4/26/2012 and is currently trading at 9.08 $.
4- IXJ.SG current resistance level is at 9.08 which is the 100.00 % fibonacci retracement of the last 0.72 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
IXIA (IXJ.SG) Short term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 9.080 and 8.380 that was broken down at 9.130 transforming into a resistance line.
IXIA (IXJ.SG) Mid term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 9.800 and 10.090, and is currently resisting at 9.730.
IXIA (IXJ.SG) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 10.680 and 11.050, and is currently resisting at 10.182.
Stock Trading Conclusion:
IXIA (IXJ.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 : 9.21, 9.25, 9.36, 9.44, 9.52, 9.63, 9.73, 9.80, 10.18, 12.23.
Stock Support levels : 8.88,.
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