Stock Technical indicators to notice in AMR CORP (AMR.SW)
1- Last bullish trend was from 8.75 $ (5/9/2008) to 9.80 $ (5/14/2008) a 1.05 $ move 2- The current bearish trend started from 9.80 $ at 5/14/2008 and is currently trading at 9.53 $.
4- AMR.SW current resistance level is at 9.55 which is the 23.60 % fibonacci retracement of the last 1.05 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
AMR CORP (AMR.SW) Short term stock chart patterns for internet stock trading :
None.
AMR CORP (AMR.SW) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 8.750 and 7.070, and is currently supporting at 9.514.
AMR CORP (AMR.SW) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 8.750 and 7.070, and is currently supporting at 9.514.
Stock Trading Conclusion:
AMR CORP (AMR.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 : 9.55, 9.59, 9.63, 9.66, 9.70, 9.80,.
Stock Support levels : 9.51, 9.40, 9.27, 9.15, 8.75, 8.46,.
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