Stock Technical indicators to notice in AIRSPAN NETWORKS (RNX.SG)
1- Last bearish trend was from 0.05 $ (8/28/2009) to 0.03 $ (9/1/2009) a 0.02 $ move 2- The current bullish trend started from 0.03 $ at 9/1/2009 and is currently trading at 0.05 $.
4- RNX.SG current resistance level is at 0.06 which is the 127.20 % fibonacci retracement of the last 0.02 $ 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.
AIRSPAN NETWORKS (RNX.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.050 and 0.060 that was broken up at 0.050 transforming into a supporting line.
AIRSPAN NETWORKS (RNX.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.050 and 0.060 that was broken up at 0.050 transforming into a supporting line.
AIRSPAN NETWORKS (RNX.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.050 and 0.060 that was broken up at 0.050 transforming into a supporting line.
Stock Trading Conclusion:
AIRSPAN NETWORKS (RNX.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 : 0.055, 0.062.
Stock Support levels : 0.045, 0.042, 0.040, 0.038, 0.035, 0.033, 0.030,.
