Stock Technical indicators to notice in FORTUNE ELECTRIC C TWD10 (1519.TW)
1- Last bearish trend was from 14.65 $ (4/16/2012) to 13.75 $ (4/23/2012) a 0.90 $ move 2- The current bullish trend started from 13.75 $ at 4/23/2012 and is currently trading at 14.30 $.
4- 1519.TW current resistance level is at 14.31 which is the 61.80 % fibonacci retracement of the last 0.90 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,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.
FORTUNE ELECTRIC C TWD10 (1519.TW) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 13.750 .
7- The Stock formed a 5.100 $ height triangle which was broken up at 14.050, target of the pattern is 19.150.
FORTUNE ELECTRIC C TWD10 (1519.TW) Mid term stock chart patterns for internet stock trading :
8- The Stock formed a 6.800 $ height triangle which was broken up at 14.050, target of the pattern is 20.850.
FORTUNE ELECTRIC C TWD10 (1519.TW) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
FORTUNE ELECTRIC C TWD10 (1519.TW) was trading in a strong bearish wave, which is becoming weaker .
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 : 14.31, 14.65, 14.89, 15.21, 19.15, 20.85.
Stock Support levels : 14.20, 14.17, 14.09, 14.09, 14.02, 13.96, 13.96, 13.79, 13.75, 13.04,.
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