Stock Technical indicators to notice in TOWER SEMICON INS 1 (TSEM.TA)
1- Last bullish trend was from 311.00 $ (4/9/2012) to 379.40 $ (5/1/2012) a 68.40 $ move 2- The current bearish trend started from 379.40 $ at 5/1/2012 and is currently trading at 378.00 $.
4- TSEM.TA current resistance level is at 379.40 which is the 0.00 % fibonacci retracement of the last 68.40 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
TOWER SEMICON INS 1 (TSEM.TA) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 311.000 and 275.000, and is currently supporting at 344.231.
TOWER SEMICON INS 1 (TSEM.TA) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 311.000 and 257.500, and is currently supporting at 351.125.
TOWER SEMICON INS 1 (TSEM.TA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 311.000 and 257.500, and is currently supporting at 351.125.
Stock Trading Conclusion:
TOWER SEMICON INS 1 (TSEM.TA) was trading in a strong bullish wave, which is becoming stronger .
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 : 378.33, 378.53, 378.70, 378.87, 379.40,.
Stock Support levels : 363.26, 353.27, 351.13, 345.20, 344.23, 337.13, 311.00, 292.40,.
