Stock Technical indicators to notice in SIXT VZ (SIX3.SG)
1- Last bearish trend was from 22.19 $ (2/28/2014) to 21.39 $ (3/3/2014) a 0.80 $ move 2- The current bullish trend started from 21.39 $ at 3/3/2014 and is currently trading at 21.71 $.
4- SIX3.SG current resistance level is at 21.79 which is the 50.00 % fibonacci retracement of the last 0.80 $ 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.
SIXT VZ (SIX3.SG) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 21.390 and 19.600,resistance between 22.190 and 20.300 which was broken down at 21.710.
SIXT VZ (SIX3.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 18.000 and 14.270,resistance between 19.190 and 15.310, the stock channel is currently supported from below by 20.816 and resisted from above by 22.372.
SIXT VZ (SIX3.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 12.520 and 10.920, and is currently supporting at 16.175.
Stock Trading Conclusion:
SIXT VZ (SIX3.SG) was trading in a strong bullish 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 : 21.79, 21.88, 21.89, 22.19, 22.41, 22.68.
Stock Support levels : 21.70, 21.63, 21.59, 21.58, 21.55, 21.51, 21.39,.