Stock Technical indicators to notice in TAMIR FISHMAN VENTU (TFVC.TA)
1- Last bearish trend was from 43.70 $ (4/17/2012) to 35.00 $ (5/2/2012) a 8.70 $ move 2- The current bullish trend started from 35.00 $ at 5/2/2012 and is currently trading at 36.10 $.
4- TFVC.TA current resistance level is at 37.05 which is the 23.60 % fibonacci retracement of the last 8.70 $ move.
5- According to ADX Indicator, the trend is currently 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.
TAMIR FISHMAN VENTU (TFVC.TA) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 43.700 and 49.400, and is currently resisting at 39.555.
TAMIR FISHMAN VENTU (TFVC.TA) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 43.700 and 49.600, and is currently resisting at 40.750.
TAMIR FISHMAN VENTU (TFVC.TA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 40.700 and 23.000 that was broken down at 43.200 transforming into a resistance line.
Stock Trading Conclusion:
TAMIR FISHMAN VENTU (TFVC.TA) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 37.05, 38.32, 39.35, 39.55, 40.38, 40.75, 43.70, 46.07, 49.04, 49.08, 127.23.
Stock Support levels : 35.84, 35.68, 35.55, 35.42, 35.00,.
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