Stock Technical indicators to notice in TERNIENERGIA (TI5.F)
1- Last bullish trend was from 2.34 $ (4/24/2012) to 2.48 $ (4/30/2012) a 0.14 $ move 2- The current bearish trend started from 2.48 $ at 4/30/2012 and is currently trading at 2.42 $.
4- TI5.F current resistance level is at 2.43 which is the 38.20 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
TERNIENERGIA (TI5.F) Short term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 2.480 and 2.510, and is currently resisting at 2.470.
TERNIENERGIA (TI5.F) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 2.640 .
9- The Stock formed a 0.370 $ height triangle which was broken down at 2.530, target of the pattern is 2.160.
TERNIENERGIA (TI5.F) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
TERNIENERGIA (TI5.F) was trading in a bearish 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 : 2.43, 2.43, 2.44, 2.45, 2.45, 2.46, 2.47, 2.48, 2.64, 2.80.
Stock Support levels : 2.41, 2.39, 2.34, 2.30, 2.25,.