Stock Technical indicators to notice in DBTEL INC TWD10 (5304.TWO)
1- Last bullish trend was from 6.54 $ (4/23/2012) to 6.85 $ (4/24/2012) a 0.31 $ move 2- The current bearish trend started from 6.85 $ at 4/24/2012 and is currently trading at 6.20 $.
DBTEL INC TWD10 (5304.TWO) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 1.000 $ height triangle which was broken down at 6.600, target of the pattern is 5.600.
DBTEL INC TWD10 (5304.TWO) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 3.380 $ height triangle which was broken down at 6.200 in higher than usual volume, target of the pattern is 2.820.
DBTEL INC TWD10 (5304.TWO) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 3.380 $ height triangle which was broken down at 6.200 in higher than usual volume, target of the pattern is 2.820.
Stock Trading Conclusion:
DBTEL INC TWD10 (5304.TWO) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 6.35, 6.42, 6.45, 6.52, 6.60, 6.73, 6.85.
Stock Support levels : 5.60, 2.82,.
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