Stock Technical indicators to notice in VITREOUS GLASS INC (Tier2) (VCI.V)
1- Last bearish trend was from 2.42 $ (5/19/2010) to 1.86 $ (7/28/2010) a 0.56 $ move 2- The current bullish trend started from 1.86 $ at 7/28/2010 and is currently trading at 1.92 $.
4- VCI.V current resistance level is at 1.99 which is the 23.60 % fibonacci retracement of the last 0.56 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,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.
VITREOUS GLASS INC (Tier2) (VCI.V) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 1.860 and 1.640, and is currently supporting at 1.902.
VITREOUS GLASS INC (Tier2) (VCI.V) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.640 and 1.510 that was broken down at 1.700 transforming into a resistance line.
VITREOUS GLASS INC (Tier2) (VCI.V) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 1.640 and 1.510 that was broken down at 1.700 transforming into a resistance line.
Stock Trading Conclusion:
VITREOUS GLASS INC (Tier2) (VCI.V) was trading in a strong bearish wave, which is becoming weaker .
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 : 1.99, 2.07, 2.14, 2.21, 2.42, 2.57, 2.77, 4.43,.
Stock Support levels : 1.91, 1.90, 1.90, 1.89, 1.88, 1.86,.
