Stock Technical indicators to notice in NUFCOR URANIUM (NU.L)
1- Last bearish trend was from 179.50 $ (9/8/2009) to 168.30 $ (9/10/2009) a 11.20 $ move 2- The current bullish trend started from 168.30 $ at 9/10/2009 and is currently trading at 177.00 $.
4- NU.L current resistance level is at 179.50 which is the 100.00 % fibonacci retracement of the last 11.20 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
NUFCOR URANIUM (NU.L) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 179.500 .
NUFCOR URANIUM (NU.L) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 163.000 and 172.000,resistance between 180.000 and 189.000 which was broken up at 177.000.
NUFCOR URANIUM (NU.L) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 189.000 and 190.560, and is currently resisting at 184.008.
Stock Trading Conclusion:
NUFCOR URANIUM (NU.L) was trading in a strong bullish 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 : 179.50, 180.00, 182.55, 184.01, 186.42.
Stock Support levels : 175.29, 175.22, 174.95, 173.90, 173.68, 172.65, 172.58, 171.62, 171.00, 170.94, 168.30,.