Stock Technical indicators to notice in EYELOGIC SYSTEMS INC CL A (Tier (EYE-A.V)
1- Last bearish trend was from 0.38 $ (1/26/2012) to 0.16 $ (4/17/2012) a 0.22 $ move 2- The current bullish trend started from 0.16 $ at 4/17/2012 and is currently trading at 0.19 $.
4- EYE-A.V current resistance level is at 0.21 which is the 23.60 % fibonacci retracement of the last 0.22 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
EYELOGIC SYSTEMS INC CL A (Tier (EYE-A.V) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.160 .
7- The Stock formed a 0.240 $ height triangle.
EYELOGIC SYSTEMS INC CL A (Tier (EYE-A.V) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.160 .
9- The Stock formed a 0.240 $ height triangle.
EYELOGIC SYSTEMS INC CL A (Tier (EYE-A.V) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Bottom Pattern at 0.160 .
11- The Stock formed a 0.240 $ height triangle.
Stock Trading Conclusion:
EYELOGIC SYSTEMS INC CL A (Tier (EYE-A.V) was trading in a strong 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 : 0.212, 0.244, 0.270, 0.296, 0.380, 0.440, 0.516.
Stock Support levels : 0.183, 0.179, 0.175, 0.171, 0.160,.
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