Today we'll analyze the Stock DKSC for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 0.12$ (02/08/08) to 0.19$ (02/29/08) a 0.07$ move
2- The current bearish trend started from 0.19$ at 02/29/08 and is currently trading at 0.14$.
3- The stock current support level is at 0.12 which is the 100.00% fibonacci retracement of the last 0.07$ move.
4- The stock current resistance level is at 0.15 which is the 61.80% fibonacci retracement of the last 0.07$ move.
5- According to ADX, the trend is currently bearish,which is becoming weaker.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 0.19 and 0.23, and is currently resisting at 0.17.
Mid term chart patterns :
7- The Stock traded in a bearish channel identifed by support at 0.12 and 0.25, resistance between 0.19 and 0.35, the channel is currently supported from below by 0.055 and resisted from above by 0.155714.
Long term chart patterns :
8- The Stock traded in a bearish channel identifed by support at 0.12 and 0.25, resistance between 0.19 and 0.35, the channel is currently supported from below by 0.055 and resisted from above by 0.155714.
Conclusion:
DKSC was trading in a bearish wave, which is becoming weaker .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .
Resistance Levels: 0.147, 0.152, 0.155, 0.159, 0.163, 0.165, 0.170, 0.171, 0.173, 0.190,.
Support Levels: 0.120, 0.101,.
We Moved!!
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Monday, March 24, 2008
DAKSHIDIN CORP (DKSC) Technical Analysis
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Shadi
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