Stock Technical indicators to notice in PHOENIX HOLDINGS (PHOE1.TA)
1- Last bullish trend was from 919.00 $ (4/16/2012) to 947.10 $ (4/19/2012) a 28.10 $ move 2- The current bearish trend started from 947.10 $ at 4/19/2012 and is currently trading at 918.00 $.
4- PHOE1.TA current resistance level is at 919.00 which is the 100.00 % fibonacci retracement of the last 28.10 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PHOENIX HOLDINGS (PHOE1.TA) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 110.700 $ height triangle which was broken down at 930.200, target of the pattern is 819.500.
PHOENIX HOLDINGS (PHOE1.TA) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 1,042.000 and 1,061.000, and is currently resisting at 1,028.516.
PHOENIX HOLDINGS (PHOE1.TA) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 1,042.000 and 1,061.000, and is currently resisting at 1,028.516.
Stock Trading Conclusion:
PHOENIX HOLDINGS (PHOE1.TA) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 919.00, 924.87, 929.12, 929.73, 932.55, 933.05, 935.98, 936.37, 940.47, 947.10, 956.90, 1,028.52,.
Stock Support levels : 911.36, 901.63,.