Stock Technical indicators to notice in WARATAH COAL (ZVH.F)
1- Last bullish trend was from 0.86 $ (12/30/2008) to 0.97 $ (1/6/2009) a 0.11 $ move 2- The current bearish trend started from 0.97 $ at 1/6/2009 and is currently trading at 0.93 $.
4- ZVH.F current resistance level is at 0.94 which is the 23.60 % fibonacci retracement of the last 0.11 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
WARATAH COAL (ZVH.F) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.860 .
WARATAH COAL (ZVH.F) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.960 and 0.980 that was broken up at 0.900 transforming into a supporting line.
WARATAH COAL (ZVH.F) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.850 and 0.690 that was broken down at 0.940 transforming into a resistance line.
Stock Trading Conclusion:
WARATAH COAL (ZVH.F) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 0.939, 0.944, 0.945, 0.950, 0.955, 0.970, 1.056.
Stock Support levels : 0.928, 0.915, 0.902, 0.890, 0.860, 0.840, 0.830,.
