Stock Technical indicators to notice in AEON STORES (HK) (AVK.DE)
1- Last bullish trend was from 0.91 $ (4/14/2010) to 1.00 $ (4/15/2010) a 0.09 $ move 2- The current bearish trend started from 1.00 $ at 4/15/2010 and is currently trading at 0.93 $.
4- AVK.DE current resistance level is at 0.94 which is the 61.80 % fibonacci retracement of the last 0.09 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
AEON STORES (HK) (AVK.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.000 and 1.130, and is currently resisting at 0.997.
AEON STORES (HK) (AVK.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 1.000 and 1.130, and is currently resisting at 0.997.
AEON STORES (HK) (AVK.DE) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 1.130 .
9- The Stock formed a 0.280 $ height triangle.
Stock Trading Conclusion:
AEON STORES (HK) (AVK.DE) was trading in a strong 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 : 0.944, 0.947, 0.955, 0.957, 0.965, 0.966, 0.973, 0.979, 0.997, 1.000, 1.130,.
Stock Support levels : 0.910, 0.886,.