Today we'll analyze the Stock ASUR for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 0.67$ (02/15/08) to 0.80$ (02/29/08) a 0.13$ move
2- The current bearish trend started from 0.80$ at 02/29/08 and is currently trading at 0.51$.
3- According to ADX, the trend is currently bearish,which is becoming weaker.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Short term chart patterns :
None.
Mid term chart patterns :
4- The Stock was resisted by a resistance line, identified by two points: 0.8 and 0.85, and is currently resisting at 0.78125.
Long term chart patterns :
5- The Stock was resisted by a resistance line, identified by two points: 0.8 and 1.37, and is currently resisting at 0.686.
Conclusion:
ASUR was trading in a bearish wave, which is becoming weaker .
Technical indicators and chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
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Resistance Levels: 0.578, 0.621, 0.655, 0.686, 0.689, 0.781, 0.800.
Support Levels: .
We Moved!!
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Shadi
Monday, March 24, 2008
Asure Software (ASUR) Technical Analysis
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have a nice day,
Shadi
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