Stock Technical indicators to notice in DDS WIRELESS INTL INC (DD.TO)
1- Last bearish trend was from 2.14 $ (1/18/2012) to 2.05 $ (1/24/2012) a 0.09 $ move 2- The current bullish trend started from 2.05 $ at 1/24/2012 and is currently trading at 2.20 $.
DDS WIRELESS INTL INC (DD.TO) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bullish stock channel identifed by support at 2.050 and 1.710,resistance between 2.140 and 1.790, the stock channel is currently supported from below by 2.168 and resisted from above by 2.315.
DDS WIRELESS INTL INC (DD.TO) Mid term stock chart patterns for internet stock trading :
5- The Stock traded in a bullish stock channel identifed by support at 1.700 and 1.240,resistance between 1.850 and 1.670 which was broken down at 2.100 in higher than usual volume.
DDS WIRELESS INTL INC (DD.TO) Long term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 1.670 that failed, and formed a support .
Stock Trading Conclusion:
DDS WIRELESS INTL INC (DD.TO) was trading in a strong bullish 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 : 2.31.
Stock Support levels : 2.16, 2.14, 2.13, 2.11, 2.05, 1.79,.
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