Stock Technical indicators to notice in GENESYS LOGIC TWD10 (6104.TWO)
1- Last bearish trend was from 23.10 $ (1/5/2012) to 21.45 $ (1/16/2012) a 1.65 $ move 2- The current bullish trend started from 21.45 $ at 1/16/2012 and is currently trading at 26.25 $.
GENESYS LOGIC TWD10 (6104.TWO) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bullish stock channel identifed by support at 21.450 and 15.000,resistance between 23.100 and 17.700 which was broken up at 25.950 in higher than usual volume.
GENESYS LOGIC TWD10 (6104.TWO) Mid term stock chart patterns for internet stock trading :
5- The Stock traded in a bullish stock channel identifed by support at 21.450 and 15.000,resistance between 23.100 and 17.700 which was broken up at 25.950 in higher than usual volume.
GENESYS LOGIC TWD10 (6104.TWO) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 26.400 and 26.700 that was broken up at 25.400 transforming into a supporting line.
Stock Trading Conclusion:
GENESYS LOGIC TWD10 (6104.TWO) 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 : 26.12, 25.20, 25.12, 24.42, 23.85, 23.28, 21.45,.
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