Emerging Markets Telecommunications Fund (the) (AMEX: ETF) (AMEX:ETF) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock Emerging Markets Telecommunications Fund (the) (ETF) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Emerging Markets Telecommunications Fund (the) (ETF)
1- Last bearish trend was from 16.35 $ (2/2/2010) to 15.48 $ (2/8/2010) a 0.87 $ move 2- The current bullish trend started from 15.48 $ at 2/8/2010 and is currently trading at 16.58 $. 3- ETF current support level is at 16.35 which is the 100.00 % fibonacci retracement of the last 0.87 $ move.
4- ETF current resistance level is at 16.59 which is the 127.20 % fibonacci retracement of the last 0.87 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Emerging Markets Telecommunications Fund (the) (ETF) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 15.480 and 15.870,resistance between 16.350 and 17.120 which was broken up at 16.030.
Emerging Markets Telecommunications Fund (the) (ETF) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 17.120 and 17.980, and is currently resisting at 16.636.
Emerging Markets Telecommunications Fund (the) (ETF) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 14.200 and 11.550 that was broken down at 17.730 transforming into a resistance line.

Stock Trading Conclusion:
Emerging Markets Telecommunications Fund (the) (ETF) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 16.59, 16.64, 16.89, 22.28.
Stock Support levels : 16.35, 16.32, 16.16, 16.03, 16.02, 15.91, 15.90, 15.81, 15.69, 15.48,.