Stock Technical indicators to notice in GENTERRA INC (Tier2) (GIC.V)
1- Last bullish trend was from 1.00 $ (3/14/2012) to 1.08 $ (4/16/2012) a 0.08 $ move 2- The current bearish trend started from 1.08 $ at 4/16/2012 and is currently trading at 1.00 $.
4- GIC.V current resistance level is at 1.00 which is the 100.00 % fibonacci retracement of the last 0.08 $ 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.
6- Bullish Divergance in MACD Indicator .
GENTERRA INC (Tier2) (GIC.V) Short term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 1.000 .
8- The Stock formed a 0.100 $ height triangle.
GENTERRA INC (Tier2) (GIC.V) Mid term stock chart patterns for internet stock trading :
9- The Stock formed Double Bottom Pattern at 1.000 .
10- The Stock formed a 0.100 $ height triangle.
GENTERRA INC (Tier2) (GIC.V) Long term stock chart patterns for internet stock trading :
11- The Stock formed a 0.480 $ height triangle which was broken up at 1.020, target of the pattern is 1.500 which was broken down at 1.000, target of the pattern is 0.520.
Stock Trading Conclusion:
GENTERRA INC (Tier2) (GIC.V) was trading in a strong bearish 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 : 1.02, 1.03, 1.04, 1.05, 1.06, 1.08, 1.28, 1.50.
Stock Support levels : 0.98, 0.95, 0.75,.
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