Stock Technical indicators to notice in POLYRAM (POLRM.TA)
1- Last bearish trend was from 1,395.00 $ (3/29/2012) to 1,299.00 $ (4/9/2012) a 96.00 $ move 2- The current bullish trend started from 1,299.00 $ at 4/9/2012 and is currently trading at 1,430.00 $.
4- POLRM.TA current resistance level is at 1,454.33 which is the 161.80 % fibonacci retracement of the last 96.00 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
POLYRAM (POLRM.TA) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 186.000 $ height triangle which was broken up at 1,383.000 in higher than usual volume, target of the pattern is 1,569.000.
POLYRAM (POLRM.TA) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 186.000 $ height triangle which was broken up at 1,383.000 in higher than usual volume, target of the pattern is 1,569.000.
POLYRAM (POLRM.TA) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 1,264.000 .
Stock Trading Conclusion:
POLYRAM (POLRM.TA) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 1,454.33, 1,569.00,.
Stock Support levels : 1,421.11, 1,399.08, 1,395.00, 1,379.96, 1,364.50, 1,358.33, 1,349.04, 1,348.25, 1,347.00, 1,335.67, 1,321.66, 1,299.00,.
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