Austral Pacific Energy Ltd. (AMEX: AEN) (AMEX:AEN) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock Austral Pacific Energy Ltd. (AEN) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Austral Pacific Energy Ltd. (AEN)
1- Last bullish trend was from 0.88 $ (3/5/2010) to 1.14 $ (3/10/2010) a 0.26 $ move 2- The current bearish trend started from 1.14 $ at 3/10/2010 and is currently trading at 1.03 $. 3- AEN current support level is at 1.01 which is the 50.00 % fibonacci retracement of the last 0.26 $ move.
4- AEN current resistance level is at 1.04 which is the 38.20 % fibonacci retracement of the last 0.26 $ 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.
Austral Pacific Energy Ltd. (AEN) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.880 and 0.800 that was broken down at 1.030 transforming into a resistance line.
Austral Pacific Energy Ltd. (AEN) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 0.800 and 0.740,resistance between 1.140 and 1.050, the stock channel is currently supported from below by 0.845 and resisted from above by 1.157.
Austral Pacific Energy Ltd. (AEN) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 0.800 and 0.740,resistance between 1.140 and 1.050, the stock channel is currently supported from below by 0.845 and resisted from above by 1.157.

Stock Trading Conclusion:
Austral Pacific Energy Ltd. (AEN) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 1.04, 1.04, 1.06, 1.07, 1.08, 1.09, 1.10, 1.14,.
Stock Support levels : 1.01, 0.98, 0.88, 0.81,.