Stock Technical indicators to notice in LULULEMON ATHLETIC COM STK USD0 (LLL.TO)
1- Last bullish trend was from 69.34 $ (4/24/2012) to 79.37 $ (5/3/2012) a 10.03 $ move 2- The current bearish trend started from 79.37 $ at 5/3/2012 and is currently trading at 76.72 $.
4- LLL.TO current resistance level is at 77.00 which is the 23.60 % fibonacci retracement of the last 10.03 $ move.
5- According to ADX Indicator, the trend is currently 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.
LULULEMON ATHLETIC COM STK USD0 (LLL.TO) Short term stock chart patterns for internet stock trading :
None.
LULULEMON ATHLETIC COM STK USD0 (LLL.TO) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 69.340 and 45.310, and is currently supporting at 71.770.
LULULEMON ATHLETIC COM STK USD0 (LLL.TO) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 69.340 and 45.310, and is currently supporting at 71.770.
Stock Trading Conclusion:
LULULEMON ATHLETIC COM STK USD0 (LLL.TO) was trading in a 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 : 77.00, 77.35, 77.73, 78.04, 78.36, 79.37,.
Stock Support levels : 75.54, 74.35, 73.17, 71.77, 69.34, 66.61,.
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