Stock Technical indicators to notice in ESKY ECHANGE CORP (EK3.BE)
1- Last bullish trend was from 35.00 $ (12/13/2010) to 39.88 $ (12/23/2010) a 4.88 $ move 2- The current bearish trend started from 39.88 $ at 12/23/2010 and is currently trading at 36.00 $.
4- EK3.BE current resistance level is at 36.86 which is the 61.80 % fibonacci retracement of the last 4.88 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ESKY ECHANGE CORP (EK3.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 35.000 and 34.680 that was broken down at 36.000 transforming into a resistance line.
ESKY ECHANGE CORP (EK3.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 39.880 and 48.730 that was broken up at 36.000 transforming into a supporting line.
ESKY ECHANGE CORP (EK3.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 39.880 and 48.730 that was broken up at 36.000 transforming into a supporting line.
Stock Trading Conclusion:
ESKY ECHANGE CORP (EK3.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 36.40, 36.86, 36.92, 37.44, 37.48, 37.94, 38.02, 38.40, 38.73, 39.88,.
Stock Support levels : 35.00, 33.67, 31.98, 28.45,.
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