Stock Technical indicators to notice in AFRICAN MINERAL (AMI.L)
1- Last bullish trend was from 548.59 $ (4/17/2012) to 565.84 $ (4/20/2012) a 17.25 $ move 2- The current bearish trend started from 565.84 $ at 4/20/2012 and is currently trading at 454.25 $.
AFRICAN MINERAL (AMI.L) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 57.110 $ height triangle which was broken down at 565.110, target of the pattern is 508.000.
AFRICAN MINERAL (AMI.L) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 71.220 $ height triangle which was broken down at 490.920 in higher than usual volume, target of the pattern is 419.700.
AFRICAN MINERAL (AMI.L) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 71.220 $ height triangle which was broken down at 490.920 in higher than usual volume, target of the pattern is 419.700.
Stock Trading Conclusion:
AFRICAN MINERAL (AMI.L) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 480.59, 496.88, 510.05, 523.21, 529.91, 565.84, 574.22, 662.83.
Stock Support levels : 419.70,.