Today we will analyze the stock 8 ELKS BASED UPON LOWE’S COMP (EAN) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in 8 ELKS BASED UPON LOWE’S COMP (EAN)
1- Last bearish trend was from 7.88 $ (5/12/2008) to 7.12 $ (5/27/2008) a 0.76 $ move 2- The current bullish trend started from 7.12 $ at 5/27/2008 and is currently trading at 8.10 $.
3- EAN current support level is at 8.09 which is the 127.20 % fibonacci retracement of the last 0.76 $ move.
4- EAN current resistance level is at 8.35 which is the 161.80 % fibonacci retracement of the last 0.76 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
8 ELKS BASED UPON LOWE’S COMP (EAN) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 7.880 and 8.070 that was broken up at 7.570 transforming into a supporting line.
8 ELKS BASED UPON LOWE’S COMP (EAN) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 7.120 and 6.180, and is currently supporting at 7.273.
8 ELKS BASED UPON LOWE’S COMP (EAN) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 7.120 and 6.180, and is currently supporting at 7.273.

Stock Trading Conclusion:
8 ELKS BASED UPON LOWE’S COMP (EAN) was trading in a bullish wave, which is becoming weaker .
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 : 8.35.
Stock Support levels : 8.09, 7.88, 7.87, 7.73, 7.61, 7.59, 7.50, 7.49, 7.41, 7.30, 7.27, 7.12,.