Stock Technical indicators to notice in WAVIN (P8Q.BE)
1- Last bearish trend was from 1.48 $ (4/13/2010) to 1.39 $ (4/28/2010) a 0.09 $ move 2- The current bullish trend started from 1.39 $ at 4/28/2010 and is currently trading at 1.45 $.
4- P8Q.BE current resistance level is at 1.48 which is the 100.00 % fibonacci retracement of the last 0.09 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
WAVIN (P8Q.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 1.480 .
WAVIN (P8Q.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 1.480 and 1.580 that was broken up at 1.450 transforming into a supporting line.
WAVIN (P8Q.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 1.580 and 1.740 that was broken up at 1.430 transforming into a supporting line.
Stock Trading Conclusion:
WAVIN (P8Q.BE) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 1.48, 1.50, 1.54.
Stock Support levels : 1.45, 1.44, 1.44, 1.43, 1.43, 1.42, 1.42, 1.41, 1.41, 1.39,.