Stock Technical indicators to notice in Wi Lan Inc (WIN)
1- Last bullish trend was from 10.84 $ (12/14/2011) to 12.22 $ (2/17/2012) a 1.38 $ move 2- The current bearish trend started from 12.22 $ at 2/17/2012 and is currently trading at 9.54 $.
Wi Lan Inc (WIN) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bullish stock channel identifed by support at 10.840 and 10.630,resistance between 12.220 and 11.430 which was broken down at 11.780 in higher than usual volume.
Wi Lan Inc (WIN) Mid term stock chart patterns for internet stock trading :
5- The Stock formed Double Bottom Pattern at 10.630 that failed and formed a resistance.
Wi Lan Inc (WIN) Long term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 10.630 that failed and formed a resistance.
Stock Trading Conclusion:
Wi Lan Inc (WIN) was trading in a strong bearish 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 : 10.17, 10.56, 10.56, 10.88, 11.20, 12.22, 12.42.
Stock Support levels :.
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