Stock Technical indicators to notice in KENIEBA GOLDFIELDS LTD (Tier2) (KEN.V)
1- Last bullish trend was from 0.09 $ (6/11/2010) to 0.10 $ (8/26/2010) a 0.01 $ move 2- The current bearish trend started from 0.10 $ at 8/26/2010 and is currently trading at 0.07 $.
KENIEBA GOLDFIELDS LTD (Tier2) (KEN.V) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 0.050 $ height triangle which was broken down at 0.100, target of the pattern is 0.050.
KENIEBA GOLDFIELDS LTD (Tier2) (KEN.V) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 0.050 $ height triangle which was broken down at 0.100, target of the pattern is 0.050.
KENIEBA GOLDFIELDS LTD (Tier2) (KEN.V) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 0.050 $ height triangle which was broken down at 0.100, target of the pattern is 0.050.
Stock Trading Conclusion:
KENIEBA GOLDFIELDS LTD (Tier2) (KEN.V) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 0.077, 0.081, 0.085, 0.089, 0.100, 0.118,.
Stock Support levels : 0.050,.