Today we'll analyze the Stock mosh for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 0.34$ (02/20/08) to 0.30$ (02/21/08) a 0.04$ move
2- The current bullish trend started from 0.30$ at 02/21/08 and is currently trading at 0.36$.
3- The stock current support level is at 0.35 which is the 127.20% fibonacci retracement of the last 0.04$ move.
4- The stock current resistance level is at 0.36 which is the 161.80% fibonacci retracement of the last 0.04$ move.
5- The Stock formed a 0.06$ height triangle which was broken up at 0.35 in higher than usual volume, target of the pattern is 0.41.
6- According to ADX, the trend is currently strong bullish,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.
Conclusion:
mosh is currently trading a strong bullish wave, which is becoming weaker .
Technical indicators and chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
.
Resistance Levels: 0.36, 0.41.
Support Levels: 0.35, 0.35, 0.34, 0.34, 0.34, 0.33, 0.32, 0.32, 0.32, 0.32, 0.31, 0.30, 0.30, 0.19,.
We Moved!!
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Shadi
Tuesday, March 18, 2008
Mesa Offshore Trust (MOSH) technical analysis
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have a nice day,
Shadi
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