Stock Technical indicators to notice in ANGLO AMERICAN (AAM.SW)
1- Last bullish trend was from 20.00 $ (1/28/2014) to 23.50 $ (2/19/2014) a 3.50 $ move 2- The current bearish trend started from 23.50 $ at 2/19/2014 and is currently trading at 21.90 $.
4- AAM.SW current resistance level is at 22.16 which is the 38.20 % fibonacci retracement of the last 3.50 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
ANGLO AMERICAN (AAM.SW) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 20.000 and 18.500,resistance between 23.500 and 21.000 which was broken down at 21.950 in higher than usual volume.
ANGLO AMERICAN (AAM.SW) Mid term stock chart patterns for internet stock trading :
ANGLO AMERICAN (AAM.SW) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 22.750 and 23.900 that was broken up at 21.300 transforming into a supporting line.
Stock Trading Conclusion:
ANGLO AMERICAN (AAM.SW) was trading in a strong 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 : 22.16, 22.28, 22.51, 22.67, 22.70, 22.77, 22.89, 23.50,.
Stock Support levels : 21.75, 21.34, 20.06, 20.00, 19.05,.