Today we'll analyze the Stock thpw for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 0.33$ (02/13/08) to 0.34$ (02/20/08) a 0.01$ move
2- The current bearish trend started from 0.34$ at 02/20/08 and is currently trading at 0.32$.
3- The Stock formed a 0.06$ height triangle which was broken down at 0.34 in higher than usual volume, target of the pattern is 0.28.
4- According to ADX, the trend is currently bearish, which is getting stronger.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Conclusion:
thpw is currently trading a bearish wave, which is becoming stronger .
Technical indicators and chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy , 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: 0.32, 0.33, 0.33, 0.33, 0.34, 0.36.
Support Levels: 0.29, 0.28, 0.25.
We Moved!!
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Shadi
Tuesday, March 18, 2008
Thorium Power, Ltd. (THPW) Technical analysis
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Shadi
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