Stock Technical indicators to notice in ELECTRIC POWER DEVL (FJG.F)
1- Last bullish trend was from 20.47 $ (4/12/2012) to 21.27 $ (4/24/2012) a 0.80 $ move 2- The current bearish trend started from 21.27 $ at 4/24/2012 and is currently trading at 20.50 $.
4- FJG.F current resistance level is at 20.78 which is the 61.80 % fibonacci retracement of the last 0.80 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ELECTRIC POWER DEVL (FJG.F) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 20.470 and 19.810 that was broken down at 20.800 transforming into a resistance line.
ELECTRIC POWER DEVL (FJG.F) Mid term stock chart patterns for internet stock trading :
None.
ELECTRIC POWER DEVL (FJG.F) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 18.580 and 17.090, and is currently supporting at 19.704.
Stock Trading Conclusion:
ELECTRIC POWER DEVL (FJG.F) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 20.68, 20.78, 20.79, 20.87, 20.89, 20.96, 20.98, 21.08, 21.27, 22.23.
Stock Support levels : 20.47, 20.25, 19.98,.
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