Today we'll analyze the Stock NVS for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 49.15$ (02/29/08) to 47.05$ (03/14/08) a 2.10$ move
2- The current bullish trend started from 47.05$ at 03/14/08 and is currently trading at 52.12$.
3- According to ADX, the trend is currently bullish, which is getting stronger.
Short term chart patterns :
4- The Stock was resisted by a resistance line, identified by two points: 49.15 and 56.27 that was broken up at 49.05 transforming into a supporting line.
Mid term chart patterns :
5- The Stock was resisted by a resistance line, identified by two points: 56.27 and 57.31, and is currently resisting at 55.9327.
Long term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 56.27 and 57.31, and is currently resisting at 55.9327.
Conclusion:
NVS was trading in a bullish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .
Resistance Levels: 55.93,.
Support Levels: 50.92, 50.18, 49.58, 48.99, 47.05,.
We Moved!!
Please check our new site : The stocks profit, for
Stock Research
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi
Stock Research
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi
Monday, April 7, 2008
Novartis AG (ADR) (NVS) Technical Analysis
That's all for today ... thanks for reading the post,
come back soon for more updates,
use the search to lookup for more interesting stocks you might be interested in,
feel free to leave your comments on the post, or contact me
enjoy your online market trading!!
have a nice day,
Shadi
to get back to main page click here .
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment