Stock Technical indicators to notice in PLAUT (PUT2.SG)
1- Last bearish trend was from 0.88 $ (4/18/2012) to 0.82 $ (4/27/2012) a 0.06 $ move 2- The current bullish trend started from 0.82 $ at 4/27/2012 and is currently trading at 0.86 $.
4- PUT2.SG current resistance level is at 0.88 which is the 100.00 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
PLAUT (PUT2.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.880 and 0.910, and is currently resisting at 0.869.
PLAUT (PUT2.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.910 and 0.920, and is currently resisting at 0.906.
PLAUT (PUT2.SG) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 0.780 and 0.690,resistance between 0.920 and 0.870 which was broken down at 0.900.
Stock Trading Conclusion:
PLAUT (PUT2.SG) was trading in a strong bullish 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 : 0.869, 0.880, 0.896, 0.906, 0.917, 1.012.
Stock Support levels : 0.857, 0.851, 0.850, 0.845, 0.843, 0.840, 0.835, 0.834, 0.820,.
