Stock Technical indicators to notice in GENNUM CORP COM NPV (GND.TO)
1- Last bearish trend was from 6.45 $ (8/25/2010) to 6.10 $ (8/27/2010) a 0.35 $ move 2- The current bullish trend started from 6.10 $ at 8/27/2010 and is currently trading at 6.30 $.
4- GND.TO current resistance level is at 6.32 which is the 61.80 % fibonacci retracement of the last 0.35 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bullish Divergance in MACD Indicator .
GENNUM CORP COM NPV (GND.TO) Short term stock chart patterns for internet stock trading :
7- The Stock formed a 1.090 $ height triangle which was broken up at 6.300 in higher than usual volume, target of the pattern is 7.390.
GENNUM CORP COM NPV (GND.TO) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 7.090 .
GENNUM CORP COM NPV (GND.TO) Long term stock chart patterns for internet stock trading :
9- The Stock formed a 4.100 $ height triangle which was broken up at 6.220 in higher than usual volume, target of the pattern is 10.320 which was broken down at 6.820, target of the pattern is 2.720.
Stock Trading Conclusion:
GENNUM CORP COM NPV (GND.TO) was trading in a strong bearish wave, which is becoming weaker .
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 : 6.32, 6.45, 6.55, 6.67, 7.06, 7.20, 7.39, 10.32.
Stock Support levels : 6.27, 6.26, 6.25, 6.23, 6.22, 6.20, 6.18, 6.18, 6.16, 6.10,.
