Stock Technical indicators to notice in ANDRITZ (ANDR.VI)
1- Last bearish trend was from 40.10 $ (4/27/2012) to 38.65 $ (5/3/2012) a 1.45 $ move 2- The current bullish trend started from 38.65 $ at 5/3/2012 and is currently trading at 39.72 $.
4- ANDR.VI current resistance level is at 40.10 which is the 100.00 % fibonacci retracement of the last 1.45 $ 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.
ANDRITZ (ANDR.VI) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 38.650 .
7- The Stock formed a 40.450 $ height triangle which was broken up at 39.540 in higher than usual volume, target of the pattern is 79.990.
ANDRITZ (ANDR.VI) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 69.700 and 60.540 that was broken down at 38.750 transforming into a resistance line.
ANDRITZ (ANDR.VI) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 58.370 and 55.950 that was broken down at 38.750 transforming into a resistance line.
Stock Trading Conclusion:
ANDRITZ (ANDR.VI) 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 : 40.10, 40.49, 41.00, 66.34, 76.33, 79.99.
Stock Support levels : 39.55, 39.47, 39.38, 39.31, 39.20, 39.19, 39.06, 38.99, 38.65, 38.61,.
