Stock Technical indicators to notice in AYALON HLDGS (AYAL.TA)
1- Last bullish trend was from 2,597.00 $ (4/18/2012) to 2,800.00 $ (4/24/2012) a 203.00 $ move 2- The current bearish trend started from 2,800.00 $ at 4/24/2012 and is currently trading at 2,502.00 $.
4- AYAL.TA current resistance level is at 2,541.78 which is the 127.20 % fibonacci retracement of the last 203.00 $ 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.
AYALON HLDGS (AYAL.TA) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 500.000 $ height triangle which was broken down at 2,470.000 in higher than usual volume, target of the pattern is 1,970.000.
AYALON HLDGS (AYAL.TA) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 500.000 $ height triangle which was broken down at 2,470.000 in higher than usual volume, target of the pattern is 1,970.000.
AYALON HLDGS (AYAL.TA) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 3,000.000 and 3,017.000, and is currently resisting at 2,993.818.
Stock Trading Conclusion:
AYALON HLDGS (AYAL.TA) was trading in a strong bearish wave, which is becoming weaker .
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 : 2,541.78, 2,572.33, 2,597.00, 2,615.84, 2,651.00, 2,674.55, 2,686.16, 2,698.50, 2,700.00, 2,722.45, 2,752.09, 2,800.00, 2,936.50, 2,993.82.
Stock Support levels : 2,471.55, 1,970.00,.
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