Stock Technical indicators to notice in AIREA (AIEA.L)
1- Last bullish trend was from 10.00 $ (8/24/2010) to 10.75 $ (8/27/2010) a 0.75 $ move 2- The current bearish trend started from 10.75 $ at 8/27/2010 and is currently trading at 10.50 $.
4- AIEA.L current resistance level is at 10.57 which is the 23.60 % fibonacci retracement of the last 0.75 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
AIREA (AIEA.L) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 10.750 .
AIREA (AIEA.L) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 10.000 .
8- The Stock formed a 1.880 $ height triangle which was broken up at 10.750, target of the pattern is 12.630.
AIREA (AIEA.L) Long term stock chart patterns for internet stock trading :
9- The Stock formed Double Bottom Pattern at 10.000 .
10- The Stock formed a 1.880 $ height triangle which was broken up at 10.750, target of the pattern is 12.630.
Stock Trading Conclusion:
AIREA (AIEA.L) was trading in a strong bearish wave, which is becoming stronger .
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 : 10.56, 10.57, 10.60, 10.63, 10.65, 10.75, 12.63,.
Stock Support levels : 10.46, 10.38, 10.29, 10.00, 9.80, 9.54, 8.36,.