Stock Technical indicators to notice in EDB BUSINESS PARTNE (EDZ.BE)
1- Last bearish trend was from 1.83 $ (3/24/2011) to 1.77 $ (3/29/2011) a 0.06 $ move 2- The current bullish trend started from 1.77 $ at 3/29/2011 and is currently trading at 1.89 $.
4- Bearish Divergance in MACD Indicator .
EDB BUSINESS PARTNE (EDZ.BE) Short term stock chart patterns for internet stock trading :
5- The Stock formed a 0.310 $ height triangle which was broken up at 1.810, target of the pattern is 2.120.
EDB BUSINESS PARTNE (EDZ.BE) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 2.050 and 2.090, and is currently resisting at 1.977.
EDB BUSINESS PARTNE (EDZ.BE) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 0.640 $ height triangle which was broken down at 1.980, target of the pattern is 1.340.
Stock Trading Conclusion:
EDB BUSINESS PARTNE (EDZ.BE) was trading in a bullish 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 : 1.98, 2.12, 2.33.
Stock Support levels : 1.86, 1.84, 1.83, 1.82, 1.77, 1.74,.
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