Stock Technical indicators to notice in A.M.S. ELECTRONICS (AMS.TA)
1- Last bullish trend was from 401.80 $ (12/6/2011) to 417.20 $ (12/7/2011) a 15.40 $ move 2- The current bearish trend started from 417.20 $ at 12/7/2011 and is currently trading at 328.40 $.
A.M.S. ELECTRONICS (AMS.TA) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Top Pattern at 417.200 .
5- The Stock formed a 54.200 $ height triangle which was broken down at 401.200, target of the pattern is 347.000.
A.M.S. ELECTRONICS (AMS.TA) Mid term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 361.800 and 399.900,resistance between 417.200 and 450.000 which was broken down at 328.400 in higher than usual volume.
A.M.S. ELECTRONICS (AMS.TA) Long term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 361.800 and 399.900,resistance between 417.200 and 450.000 which was broken down at 328.400 in higher than usual volume.
Stock Trading Conclusion:
A.M.S. ELECTRONICS (AMS.TA) was trading in a strong bearish 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 : 340.18, 349.36, 362.32, 372.80, 383.28, 417.20, 422.40, 426.40, 430.40, 571.80.
Stock Support levels :.