Stock Technical indicators to notice in DOR CHEMS (DORC.TA)
1- Last bearish trend was from 929.00 $ (2/24/2010) to 901.00 $ (3/9/2010) a 28.00 $ move 2- The current bullish trend started from 901.00 $ at 3/9/2010 and is currently trading at 944.00 $.
4- DORC.TA current resistance level is at 946.30 which is the 161.80 % fibonacci retracement of the last 28.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,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.
DOR CHEMS (DORC.TA) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 901.000 and 705.000 that was broken down at 930.100 transforming into a resistance line.
DOR CHEMS (DORC.TA) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 80.300 $ height triangle which was broken up at 710.300 in higher than usual volume, target of the pattern is 790.600.
DOR CHEMS (DORC.TA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 631.400 and 533.000 that was broken down at 670.000 transforming into a resistance line.
Stock Trading Conclusion:
DOR CHEMS (DORC.TA) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 946.30, 1,001.31, 1,006.54.
Stock Support levels : 936.62, 933.85, 929.00, 927.57, 922.50, 918.30, 917.43, 915.00, 911.70, 907.61, 901.00,.
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