Stock Technical indicators to notice in EUROGAS (3EW.DE)
1- Last bearish trend was from 0.63 $ (11/30/2010) to 0.23 $ (2/11/2011) a 0.40 $ move 2- The current bullish trend started from 0.23 $ at 2/11/2011 and is currently trading at 0.63 $.
4- 3EW.DE current resistance level is at 0.74 which is the 127.20 % fibonacci retracement of the last 0.40 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
EUROGAS (3EW.DE) Short term stock chart patterns for internet stock trading :
EUROGAS (3EW.DE) Mid term stock chart patterns for internet stock trading :
EUROGAS (3EW.DE) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
EUROGAS (3EW.DE) was trading in a strong 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 : 0.739, 0.877.
Stock Support levels : 0.536, 0.477, 0.477, 0.430, 0.383, 0.383, 0.324, 0.230,.