Stock Technical indicators to notice in UNITED UTILITIES (UNU.DE)
1- Last bullish trend was from 6.75 $ (6/24/2008) to 9.30 $ (7/23/2008) a 2.55 $ move 2- The current bearish trend started from 9.30 $ at 7/23/2008 and is currently trading at 8.58 $.
4- UNU.DE current resistance level is at 8.70 which is the 23.60 % fibonacci retracement of the last 2.55 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
UNITED UTILITIES (UNU.DE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 6.750 .
UNITED UTILITIES (UNU.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 6.750 .
UNITED UTILITIES (UNU.DE) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 6.750 .
Stock Trading Conclusion:
UNITED UTILITIES (UNU.DE) was trading in a strong bearish 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 : 8.70, 8.75, 8.86, 8.94, 9.02, 9.30,.
Stock Support levels : 8.33, 8.02, 7.72, 6.75, 6.06,.
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