Stock Technical indicators to notice in ENERGIEKONTOR (EKT.HM)
1- Last bearish trend was from 5.20 $ (4/3/2012) to 5.03 $ (4/13/2012) a 0.17 $ move 2- The current bullish trend started from 5.03 $ at 4/13/2012 and is currently trading at 5.25 $.
4- EKT.HM current resistance level is at 5.31 which is the 161.80 % fibonacci retracement of the last 0.17 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
ENERGIEKONTOR (EKT.HM) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 5.030 and 4.300,resistance between 5.200 and 4.450 which was broken down at 5.190.
ENERGIEKONTOR (EKT.HM) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 1.040 $ height triangle which was broken up at 4.310, target of the pattern is 5.350.
ENERGIEKONTOR (EKT.HM) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 3.950 and 4.380,resistance between 4.990 and 5.540 which was broken up at 4.320.
Stock Trading Conclusion:
ENERGIEKONTOR (EKT.HM) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 5.31, 5.35, 5.53.
Stock Support levels : 5.25, 5.20, 5.20, 5.17, 5.14, 5.14, 5.11, 5.11, 5.09, 5.07, 5.03, 3.89,.
