Stock Technical indicators to notice in DURAN VENTURES INC. (Tier2) (DRV.V)
1- Last bullish trend was from 0.09 $ (4/30/2012) to 0.10 $ (5/3/2012) a 0.01 $ move 2- The current bearish trend started from 0.10 $ at 5/3/2012 and is currently trading at 0.09 $.
4- DRV.V current resistance level is at 0.09 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
DURAN VENTURES INC. (Tier2) (DRV.V) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.100 and 0.110, and is currently resisting at 0.098.
DURAN VENTURES INC. (Tier2) (DRV.V) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.100 and 0.110, and is currently resisting at 0.098.
DURAN VENTURES INC. (Tier2) (DRV.V) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.100 and 0.110, and is currently resisting at 0.098.
Stock Trading Conclusion:
DURAN VENTURES INC. (Tier2) (DRV.V) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 0.092, 0.094, 0.095, 0.096, 0.098, 0.098, 0.100, 0.110.
Stock Support levels : 0.087,.
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