Stock Technical indicators to notice in ESPANOLA ZINC (EZI.BE)
1- Last bearish trend was from 1.05 $ (1/18/2010) to 0.97 $ (1/25/2010) a 0.08 $ move 2- The current bullish trend started from 0.97 $ at 1/25/2010 and is currently trading at 0.97 $.
4- EZI.BE current resistance level is at 0.99 which is the 23.60 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
ESPANOLA ZINC (EZI.BE) Short term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 0.970 and 0.940 that was broken down at 0.990 transforming into a resistance line.
ESPANOLA ZINC (EZI.BE) Mid term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 1.050 and 1.230 that was broken up at 0.990 transforming into a supporting line.
ESPANOLA ZINC (EZI.BE) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 1.310 and 1.360 that was broken up at 0.970 transforming into a supporting line.
Stock Trading Conclusion:
ESPANOLA ZINC (EZI.BE) was trading in a strong bullish 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 : 0.989, 1.001, 1.010, 1.019, 1.050, 1.072, 1.099, 1.586.
Stock Support levels : 0.244,.
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