Arbor Realty Trust (ABR) Technical Analysis

Today we'll analyze the Stock ABR for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 17.76$ (04/08/08) to 15.82$ (04/11/08) a 1.94$ move
2- The current bullish trend started from 15.82$ at 04/11/08 and is currently trading at 17.23$.

3- The stock current support level is at 17.02 which is the 61.80% fibonacci retracement of the last 1.94$ move.
4- The stock current resistance level is at 17.76 which is the 100.00% fibonacci retracement of the last 1.94$ move.
5- According to ADX, the trend is currently 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.
Short term chart patterns :

6- The Stock traded in a bullish channel identifed by support at 15.82 and 15.07, resistance between 17.76 and 16.76, the channel is currently supported from below by 16.045 and resisted from above by 18.26.
Mid term chart patterns :

7- The Stock traded in a bullish channel identifed by support at 15.82 and 15.07, resistance between 17.76 and 16.76, the channel is currently supported from below by 16.045 and resisted from above by 18.26.
Long term chart patterns :

8- The Stock traded in a bullish channel identifed by support at 15.07 and 13.78, resistance between 17.76 and 16.76, the channel is currently supported from below by 16.2679 and resisted from above by 18.26.

Conclusion:
ABR was trading in a bullish wave, which is becoming weaker .
Technical indicators and chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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: 17.76, 17.93, 18.29, 18.96.
Support Levels: 17.02, 16.90, 16.79, 16.69, 16.56, 16.52, 16.36, 16.28, 15.82,.