Stock Technical indicators to notice in IPATH EXCHANGE TRADED NOTES LI (BWV)
1- Last bearish trend was from 44.00 $ (6/21/2010) to 40.69 $ (7/6/2010) a 3.31 $ move 2- The current bullish trend started from 40.69 $ at 7/6/2010 and is currently trading at 44.37 $.
4- BWV current resistance level is at 44.90 which is the 127.20 % fibonacci retracement of the last 3.31 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
IPATH EXCHANGE TRADED NOTES LI (BWV) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 44.000 and 45.450 that was broken up at 43.080 transforming into a supporting line.
IPATH EXCHANGE TRADED NOTES LI (BWV) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 44.000 and 46.560 that was broken up at 43.600 transforming into a supporting line.
IPATH EXCHANGE TRADED NOTES LI (BWV) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 40.690 and 30.510,resistance between 46.560 and 36.890, the stock channel is currently supported from below by 41.940 and resisted from above by 49.205.
Stock Trading Conclusion:
IPATH EXCHANGE TRADED NOTES LI (BWV) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 44.90, 46.05.
Stock Support levels : 44.00, 43.50, 42.96, 42.74, 42.53, 42.35, 42.10, 41.95, 41.47, 41.26, 40.69,.
