Stock Technical indicators to notice in FEDERAL CORP TWD10 (2102.TW)
1- Last bearish trend was from 14.70 $ (12/1/2011) to 13.00 $ (12/20/2011) a 1.70 $ move 2- The current bullish trend started from 13.00 $ at 12/20/2011 and is currently trading at 15.50 $.
4- 2102.TW current resistance level is at 15.75 which is the 161.80 % fibonacci retracement of the last 1.70 $ 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.
FEDERAL CORP TWD10 (2102.TW) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 14.700 and 16.050 that was broken up at 13.650 transforming into a supporting line.
FEDERAL CORP TWD10 (2102.TW) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 14.700 and 16.050 that was broken up at 13.650 transforming into a supporting line.
FEDERAL CORP TWD10 (2102.TW) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 16.050 and 20.300 that was broken up at 13.800 transforming into a supporting line.
Stock Trading Conclusion:
FEDERAL CORP TWD10 (2102.TW) 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 : 15.75.
Stock Support levels : 15.16, 14.91, 14.70, 14.55, 14.25, 14.05, 13.95, 13.85, 13.65, 13.40, 13.00, 12.71, 11.41,.
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