Stock Technical indicators to notice in EPRO (8086.HK)
1- Last bearish trend was from 0.90 $ (4/23/2012) to 0.86 $ (4/26/2012) a 0.04 $ move 2- The current bullish trend started from 0.86 $ at 4/26/2012 and is currently trading at 0.88 $.
4- 8086.HK current resistance level is at 0.88 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
EPRO (8086.HK) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.900 and 0.950 that was broken up at 0.900 transforming into a supporting line.
EPRO (8086.HK) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 0.880 and 0.950,resistance between 0.950 and 1.030 which was broken up at 0.880 in higher than usual volume.
EPRO (8086.HK) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 1.100 and 1.130,resistance between 1.200 and 1.260, the stock channel is currently supported from below by 0.710 and resisted from above by 0.930.
Stock Trading Conclusion:
EPRO (8086.HK) 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 : 0.885, 0.900, 0.911, 0.925.
Stock Support levels : 0.878, 0.875, 0.872, 0.870, 0.869, 0.868, 0.860,.
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