Acme United Corporation. (AMEX: ACU) (AMEX:ACU) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock Acme United Corporation. (ACU) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Acme United Corporation. (ACU)
1- Last bearish trend was from 11.50 $ (3/8/2010) to 11.04 $ (3/10/2010) a 0.46 $ move 2- The current bullish trend started from 11.04 $ at 3/10/2010 and is currently trading at 11.55 $. 3- ACU current support level is at 11.50 which is the 100.00 % fibonacci retracement of the last 0.46 $ move.
4- ACU current resistance level is at 11.63 which is the 127.20 % fibonacci retracement of the last 0.46 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Acme United Corporation. (ACU) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 11.040 and 8.900, and is currently supporting at 11.254.
Acme United Corporation. (ACU) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 9.600 that failed, and formed a support .
8- The Stock was supported by a support line, identified by two points: 8.900 and 8.670, and is currently supporting at 9.053.
Acme United Corporation. (ACU) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 1.880 $ height triangle which was broken up at 8.950 in higher than usual volume, target of the pattern is 10.830.

Stock Trading Conclusion:
Acme United Corporation. (ACU) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 11.63, 11.78.
Stock Support levels : 11.50, 11.43, 11.36, 11.32, 11.30, 11.27, 11.25, 11.23, 11.22, 11.15, 11.04, 9.63, 9.05,.