ELEMENTS AUSTRALIAN (AMEX: ADE) (AMEX:ADE) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock ELEMENTS AUSTRALIAN (ADE) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in ELEMENTS AUSTRALIAN (ADE)
1- Last bullish trend was from 7.25 $ (11/6/2008) to 7.80 $ (11/10/2008) a 0.55 $ move 2- The current bearish trend started from 7.80 $ at 11/10/2008 and is currently trading at 6.75 $. 3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
ELEMENTS AUSTRALIAN (ADE) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 7.250 and 6.900 that was broken down at 7.000 transforming into a resistance line.
ELEMENTS AUSTRALIAN (ADE) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Bottom Pattern at 6.900 that failed and formed a resistance.
6- The Stock formed Double Top Pattern at 7.800 .
ELEMENTS AUSTRALIAN (ADE) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 6.900 that failed and formed a resistance.
8- The Stock formed Double Top Pattern at 7.800 .

Stock Trading Conclusion:
ELEMENTS AUSTRALIAN (ADE) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 6.79, 7.00, 7.15, 7.28, 7.40, 7.80, 15.12.
Stock Support levels :.