Stock Technical indicators to notice in BEZEQ ISRAEL TELE (BEZQ.TA)
1- Last bearish trend was from 625.97 $ (3/1/2012) to 557.79 $ (4/9/2012) a 68.18 $ move 2- The current bullish trend started from 557.79 $ at 4/9/2012 and is currently trading at 621.50 $.
4- BEZQ.TA current resistance level is at 625.97 which is the 100.00 % fibonacci retracement of the last 68.18 $ move.
5- According to ADX Indicator, the trend is currently 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.
BEZEQ ISRAEL TELE (BEZQ.TA) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 625.970 and 629.270 that was broken up at 616.550 transforming into a supporting line.
BEZEQ ISRAEL TELE (BEZQ.TA) Mid term stock chart patterns for internet stock trading :
None.
BEZEQ ISRAEL TELE (BEZQ.TA) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 718.720 and 773.110 that was broken up at 616.550 transforming into a supporting line.
Stock Trading Conclusion:
BEZEQ ISRAEL TELE (BEZQ.TA) was trading in a 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 : 625.97, 644.51, 668.11.
Stock Support levels : 608.37, 606.46, 599.93, 597.16, 591.88, 589.65, 588.18, 586.29, 583.83, 582.13, 573.88, 557.79,.
