PROSHARES ULTRASHORT (AMEX: EFU) (AMEX:EFU) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock PROSHARES ULTRASHORT (EFU) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in PROSHARES ULTRASHORT (EFU)
1- Last bullish trend was from 40.25 $ (2/18/2010) to 41.76 $ (2/23/2010) a 1.51 $ move 2- The current bearish trend started from 41.76 $ at 2/23/2010 and is currently trading at 37.19 $. 3- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PROSHARES ULTRASHORT (EFU) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 5.890 $ height triangle which was broken down at 40.560, target of the pattern is 34.670.
PROSHARES ULTRASHORT (EFU) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 39.290 and 34.910 that was broken down at 40.880 transforming into a resistance line.
PROSHARES ULTRASHORT (EFU) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PROSHARES ULTRASHORT (EFU) was trading in a bearish wave, which is becoming weaker .
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 : 38.27, 38.94, 39.47, 40.01, 41.56, 41.76, 48.78.
Stock Support levels : 34.67.