Stock Technical indicators to notice in ARBOR MEMORIAL SERVICES INC (ABO-A.TO)
1- Last bearish trend was from 23.41 $ (8/31/2012) to 22.42 $ (9/7/2012) a 0.99 $ move 2- The current bullish trend started from 22.42 $ at 9/7/2012 and is currently trading at 32.04 $.
ARBOR MEMORIAL SERVICES INC (ABO-A.TO) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Bottom Pattern at 22.420 .
5- The Stock formed Double Top Pattern at 23.410 that failed, and formed a support .
ARBOR MEMORIAL SERVICES INC (ABO-A.TO) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 22.420 and 21.710, and is currently supporting at 22.751.
ARBOR MEMORIAL SERVICES INC (ABO-A.TO) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 4.730 $ height triangle which was broken up at 31.890 in higher than usual volume, target of the pattern is 36.620.
Stock Trading Conclusion:
ARBOR MEMORIAL SERVICES INC (ABO-A.TO) 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 : 36.62.
Stock Support levels : 29.77, 28.37, 27.23, 26.09, 24.86, 23.47, 23.46, 23.45, 22.75, 22.42, 22.20, 22.14,.
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