Stock Technical indicators to notice in NASPERS -N- (NNW.SG)
1- Last bearish trend was from 44.72 $ (4/18/2012) to 43.26 $ (4/23/2012) a 1.46 $ move 2- The current bullish trend started from 43.26 $ at 4/23/2012 and is currently trading at 45.40 $.
4- NNW.SG current resistance level is at 45.62 which is the 161.80 % fibonacci retracement of the last 1.46 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
NASPERS -N- (NNW.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 43.260 and 42.260, and is currently supporting at 44.385.
NASPERS -N- (NNW.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 5.700 $ height triangle which was broken up at 31.210, target of the pattern is 36.910.
NASPERS -N- (NNW.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 35.940 and 37.220 that was broken up at 35.240 transforming into a supporting line.
Stock Trading Conclusion:
NASPERS -N- (NNW.SG) was trading in a strong bullish 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 : 45.62.
Stock Support levels : 45.12, 44.89, 44.72, 44.58, 44.38, 44.33, 44.16, 44.08, 43.99, 43.82, 43.60, 43.26, 31.85,.
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