Stock Technical indicators to notice in AEROFLT SP.GDR-144A (AETG.BE)
1- Last bullish trend was from 173.00 $ (2/28/2011) to 192.00 $ (3/4/2011) a 19.00 $ move 2- The current bearish trend started from 192.00 $ at 3/4/2011 and is currently trading at 180.00 $.
4- AETG.BE current resistance level is at 180.26 which is the 61.80 % fibonacci retracement of the last 19.00 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
AEROFLT SP.GDR-144A (AETG.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 192.000 and 198.000, and is currently resisting at 186.429.
AEROFLT SP.GDR-144A (AETG.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 86.050 $ height triangle which was broken down at 183.000, target of the pattern is 96.950.
AEROFLT SP.GDR-144A (AETG.BE) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 173.000 and 115.000,resistance between 201.050 and 162.000 which was broken down at 183.000.
Stock Trading Conclusion:
AEROFLT SP.GDR-144A (AETG.BE) was trading in a bearish wave, which is becoming stronger .
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 : 180.26, 182.50, 182.83, 184.58, 184.74, 186.00, 186.43, 187.42, 187.52, 191.51, 192.00,.
Stock Support levels : 173.00, 167.83, 161.26,.
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