Stock Technical indicators to notice in ECONERGY INTL (ECG.L)
1- Last bearish trend was from 45.00 $ (9/29/2008) to 43.00 $ (9/30/2008) a 2.00 $ move 2- The current bullish trend started from 43.00 $ at 9/30/2008 and is currently trading at 45.00 $.
4- ECG.L current resistance level is at 45.54 which is the 127.20 % fibonacci retracement of the last 2.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
ECONERGY INTL (ECG.L) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 43.000 .
7- The Stock formed a 3.000 $ height triangle which was broken up at 45.000, target of the pattern is 48.000.
ECONERGY INTL (ECG.L) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 44.000 .
9- The Stock formed a 4.000 $ height triangle which was broken up at 45.000, target of the pattern is 49.000.
ECONERGY INTL (ECG.L) Long term stock chart patterns for internet stock trading :
10- The Stock was supported by a support line, identified by two points: 27.250 and 27.050, and is currently supporting at 32.730.
Stock Trading Conclusion:
ECONERGY INTL (ECG.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 : 45.54, 46.24, 48.00, 49.00.
Stock Support levels : 44.53, 44.24, 44.00, 43.76, 43.47, 43.00, 38.86, 32.73,.
