Stock Technical indicators to notice in TRAFALGAR ENERGY L COM NPV (TFL.TO)
1- Last bearish trend was from 0.82 $ (7/27/2009) to 0.79 $ (7/29/2009) a 0.03 $ move 2- The current bullish trend started from 0.79 $ at 7/29/2009 and is currently trading at 1.01 $.
TRAFALGAR ENERGY L COM NPV (TFL.TO) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bullish stock channel identifed by support at 0.790 and 0.710,resistance between 0.820 and 0.760 which was broken up at 0.870.
TRAFALGAR ENERGY L COM NPV (TFL.TO) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 0.070 $ height triangle which was broken up at 0.780 in higher than usual volume, target of the pattern is 0.850.
TRAFALGAR ENERGY L COM NPV (TFL.TO) Long term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.700 .
7- The Stock formed a 0.120 $ height triangle which was broken up at 0.780 in higher than usual volume, target of the pattern is 0.900.
Stock Trading Conclusion:
TRAFALGAR ENERGY L COM NPV (TFL.TO) was trading in a strong bullish 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 : .
Stock Support levels : 0.96, 0.93, 0.90, 0.88, 0.87, 0.79, 0.74, 0.72,.
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