Stock Technical indicators to notice in FIVE J (FIJE.TA)
1- Last bearish trend was from 51.30 $ (3/12/2009) to 33.10 $ (4/27/2009) a 18.20 $ move 2- The current bullish trend started from 33.10 $ at 4/27/2009 and is currently trading at 36.20 $.
4- FIJE.TA current resistance level is at 37.40 which is the 23.60 % fibonacci retracement of the last 18.20 $ 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.
FIVE J (FIJE.TA) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 51.300 and 58.000 that was broken up at 49.400 transforming into a supporting line.
FIVE J (FIJE.TA) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 51.300 and 58.000 that was broken up at 49.400 transforming into a supporting line.
FIVE J (FIJE.TA) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 51.300 and 58.000 that was broken up at 49.400 transforming into a supporting line.
Stock Trading Conclusion:
FIVE J (FIJE.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 : 37.40, 40.05, 42.20, 44.35, 51.30, 56.25, 62.55.
Stock Support levels : 35.47, 35.02, 34.65, 34.28, 33.10, 24.50,.
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