Stock Technical indicators to notice in ARAD INV and DEV (ARAD.TA)
1- Last bearish trend was from 4,150.00 $ (1/25/2012) to 3,531.00 $ (3/26/2012) a 619.00 $ move 2- The current bullish trend started from 3,531.00 $ at 3/26/2012 and is currently trading at 4,378.00 $.
4- ARAD.TA current resistance level is at 4,532.54 which is the 161.80 % fibonacci retracement of the last 619.00 $ 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.
ARAD INV and DEV (ARAD.TA) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 4,150.000 and 4,409.000 that was broken up at 4,011.000 transforming into a supporting line.
ARAD INV and DEV (ARAD.TA) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 4,409.000 and 4,499.000 that was broken up at 4,150.000 transforming into a supporting line.
ARAD INV and DEV (ARAD.TA) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 4,409.000 and 5,859.000 that was broken up at 4,154.000 transforming into a supporting line.
Stock Trading Conclusion:
ARAD INV and DEV (ARAD.TA) 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 : 4,532.54.
Stock Support levels : 4,318.37, 4,178.11, 4,150.00, 4,054.45, 3,959.00, 3,954.50, 3,913.54, 3,854.55, 3,840.50, 3,811.31, 3,767.46, 3,677.08, 3,531.00,.
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