Stock Technical indicators to notice in DELEK ISRAELI FUEL (DLKIS.TA)
1- Last bullish trend was from 5,994.00 $ (3/12/2012) to 6,646.00 $ (3/28/2012) a 652.00 $ move 2- The current bearish trend started from 6,646.00 $ at 3/28/2012 and is currently trading at 6,395.00 $.
4- DLKIS.TA current resistance level is at 6,396.94 which is the 38.20 % fibonacci retracement of the last 652.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
DELEK ISRAELI FUEL (DLKIS.TA) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 1,200.000 $ height triangle.
DELEK ISRAELI FUEL (DLKIS.TA) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 5,994.000 and 5,698.000, and is currently supporting at 6,206.513.
DELEK ISRAELI FUEL (DLKIS.TA) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 2,302.000 $ height triangle which was broken up at 6,360.000, target of the pattern is 8,662.000.
Stock Trading Conclusion:
DELEK ISRAELI FUEL (DLKIS.TA) was trading in a strong bearish 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 : 6,396.94, 6,454.24, 6,490.88, 6,492.13, 6,520.50, 6,550.12, 6,646.00, 8,662.00.
Stock Support levels : 6,320.00, 6,243.06, 6,206.51, 5,994.00, 5,816.66, 5,752.78,.
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