Stock Technical indicators to notice in MICRO-STAR INTL TWD10 (2377.TW)
1- Last bearish trend was from 15.25 $ (3/26/2012) to 12.50 $ (4/23/2012) a 2.75 $ move 2- The current bullish trend started from 12.50 $ at 4/23/2012 and is currently trading at 13.15 $.
4- 2377.TW current resistance level is at 13.55 which is the 38.20 % fibonacci retracement of the last 2.75 $ move.
5- According to ADX Indicator, the trend is currently 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.
MICRO-STAR INTL TWD10 (2377.TW) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 15.250 and 15.700, and is currently resisting at 14.105.
MICRO-STAR INTL TWD10 (2377.TW) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 12.500 and 11.000,resistance between 15.950 and 14.550, the stock channel is currently supported from below by 12.638 and resisted from above by 16.650.
MICRO-STAR INTL TWD10 (2377.TW) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
MICRO-STAR INTL TWD10 (2377.TW) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 13.55, 13.88, 14.10, 14.20, 15.25, 16.00, 16.95.
Stock Support levels : 13.15, 13.00, 12.90, 12.82, 12.75, 12.50,.
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