Stock Technical indicators to notice in TEX YEAR INDUSTRIE TWD10 (4720.TWO)
1- Last bearish trend was from 15.25 $ (12/26/2013) to 14.40 $ (2/5/2014) a 0.85 $ move 2- The current bullish trend started from 14.40 $ at 2/5/2014 and is currently trading at 14.80 $.
4- 4720.TWO current resistance level is at 14.82 which is the 50.00 % fibonacci retracement of the last 0.85 $ move.
5- According to ADX Indicator, the trend is currently bullish,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 .
TEX YEAR INDUSTRIE TWD10 (4720.TWO) Short term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 14.400 .
8- The Stock formed a 1.000 $ height triangle.
TEX YEAR INDUSTRIE TWD10 (4720.TWO) Mid term stock chart patterns for internet stock trading :
None.
TEX YEAR INDUSTRIE TWD10 (4720.TWO) Long term stock chart patterns for internet stock trading :
9- The Stock formed a 2.520 $ height triangle which was broken up at 14.600 in higher than usual volume, target of the pattern is 17.120.
Stock Trading Conclusion:
TEX YEAR INDUSTRIE TWD10 (4720.TWO) was trading in a bullish 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 : 14.82, 14.93, 15.25, 15.48, 15.78, 17.12.
Stock Support levels : 14.72, 14.71, 14.65, 14.60, 14.60, 14.55, 14.40,.
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