Stock Technical indicators to notice in TELE2 -B- (NCYB.SG)
1- Last bearish trend was from 15.38 $ (4/2/2012) to 13.66 $ (4/24/2012) a 1.72 $ move 2- The current bullish trend started from 13.66 $ at 4/24/2012 and is currently trading at 13.98 $.
4- NCYB.SG current resistance level is at 14.07 which is the 23.60 % fibonacci retracement of the last 1.72 $ move.
5- According to ADX Indicator, the trend is currently 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.
TELE2 -B- (NCYB.SG) Short term stock chart patterns for internet stock trading :
None.
TELE2 -B- (NCYB.SG) Mid term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 14.030 that failed and formed a resistance.
TELE2 -B- (NCYB.SG) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 2.500 $ height triangle which was broken down at 13.900, target of the pattern is 11.400.
Stock Trading Conclusion:
TELE2 -B- (NCYB.SG) was trading in a bearish wave, which is becoming stronger .
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 : 14.00, 14.07, 14.30, 14.32, 14.52, 14.72, 15.38, 15.85, 16.44.
Stock Support levels : 13.90, 13.86, 13.82, 13.78, 13.66,.
