Stock Technical indicators to notice in EASTERN PROP HLDGS (E6P.BE)
1- Last bullish trend was from 23.41 $ (3/23/2011) to 25.15 $ (4/1/2011) a 1.74 $ move 2- The current bearish trend started from 25.15 $ at 4/1/2011 and is currently trading at 24.32 $.
4- E6P.BE current resistance level is at 24.49 which is the 38.20 % fibonacci retracement of the last 1.74 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
EASTERN PROP HLDGS (E6P.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 23.410 and 23.010 that was broken down at 25.110 transforming into a resistance line.
EASTERN PROP HLDGS (E6P.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 23.010 and 17.940 that was broken down at 24.320 transforming into a resistance line.
EASTERN PROP HLDGS (E6P.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 23.010 and 14.080, and is currently supporting at 24.239.
Stock Trading Conclusion:
EASTERN PROP HLDGS (E6P.BE) 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 : 24.47, 24.49, 24.52, 24.64, 24.74, 24.74, 24.83, 25.15, 26.01.
Stock Support levels : 24.28, 24.24, 24.07, 23.41, 22.94,.
