Stock Technical indicators to notice in PARIS ENERGY INC (Tier2) (PI.V)
1- Last bearish trend was from 0.07 $ (4/3/2012) to 0.05 $ (4/25/2012) a 0.02 $ move 2- The current bullish trend started from 0.05 $ at 4/25/2012 and is currently trading at 0.07 $.
4- PI.V current resistance level is at 0.08 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
PARIS ENERGY INC (Tier2) (PI.V) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.050 .
PARIS ENERGY INC (Tier2) (PI.V) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 0.050 .
PARIS ENERGY INC (Tier2) (PI.V) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.050 .
Stock Trading Conclusion:
PARIS ENERGY INC (Tier2) (PI.V) 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 : 0.075, 0.082.
Stock Support levels : 0.065, 0.062, 0.060, 0.058, 0.055, 0.050,.
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