Today we'll analyze the Stock VVTV for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 6.13$ (02/01/08) to 4.58$ (03/07/08) a 1.55$ move
2- The current bullish trend started from 4.58$ at 03/07/08 and is currently trading at 7.20$.
3- According to ADX, the trend is currently strong bullish,which is becoming weaker.
Short term chart patterns :
None.
Mid term chart patterns :
4- The Stock was resisted by a resistance line, identified by two points: 6.13 and 6.88 that was broken up at 7.2 transforming into a supporting line.
Long term chart patterns :
5- The Stock was resisted by a resistance line, identified by two points: 6.13 and 6.88 that was broken up at 7.2 transforming into a supporting line.
Conclusion:
VVTV was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .
Resistance Levels: .
Support Levels: 6.58, 6.20, 5.89, 5.58, 5.26,.
We Moved!!
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Shadi
Friday, March 21, 2008
ValueVision Media, Inc. (VVTV) Technical Analysis
That's all for today ... thanks for reading the post,
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have a nice day,
Shadi
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