Stock Technical indicators to notice in N.RUNS (NNX.SG)
1- Last bullish trend was from 6.13 $ (2/17/2012) to 6.60 $ (2/28/2012) a 0.47 $ move 2- The current bearish trend started from 6.60 $ at 2/28/2012 and is currently trading at 4.50 $.
N.RUNS (NNX.SG) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Top Pattern at 6.600 .
5- The Stock formed a 2.660 $ height triangle which was broken down at 6.000 in higher than usual volume, target of the pattern is 3.340.
N.RUNS (NNX.SG) Mid term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 6.600 .
7- The Stock formed a 2.660 $ height triangle which was broken down at 6.000 in higher than usual volume, target of the pattern is 3.340.
N.RUNS (NNX.SG) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 3.100 .
Stock Trading Conclusion:
N.RUNS (NNX.SG) was trading in a strong bearish wave, which is becoming weaker .
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 : 5.00, 5.30, 5.55, 5.80, 6.60, 9.27,.
Stock Support levels : 3.34,.
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