Today we will analyze the stock RWE VZ (RWE3.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in RWE VZ (RWE3.DE)
1- Last bearish trend was from 59.62 $ (2/2/2010) to 57.50 $ (2/5/2010) a 2.12 $ move 2- The current bullish trend started from 57.50 $ at 2/5/2010 and is currently trading at 60.61 $.
3- RWE3.DE current support level is at 60.20 which is the 127.20 % fibonacci retracement of the last 2.12 $ move.
4- RWE3.DE current resistance level is at 60.93 which is the 161.80 % fibonacci retracement of the last 2.12 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
RWE VZ (RWE3.DE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 59.620 and 62.650 that was broken up at 58.840 transforming into a supporting line.
RWE VZ (RWE3.DE) Mid term stock chart patterns for internet stock trading :

None.
RWE VZ (RWE3.DE) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 15.700 $ height triangle which was broken up at 49.820 in higher than usual volume, target of the pattern is 65.520.

Stock Trading Conclusion:
RWE VZ (RWE3.DE) was trading in a bullish wave, which is becoming weaker .
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 : 60.93, 65.52.
Stock Support levels : 60.20, 59.88, 59.62, 59.42, 59.06, 58.81, 58.69, 58.56, 58.31, 58.00, 57.50, 56.19,.

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