Today we will analyze the stock ELECNOR (3982294.MC) for internet stock trading in the MC stock market,
Stock Technical indicators to notice in ELECNOR (3982294.MC)
1- Last bullish trend was from 6.63 $ (4/8/2009) to 9.12 $ (5/7/2009) a 2.49 $ move 2- The current bearish trend started from 9.12 $ at 5/7/2009 and is currently trading at 8.50 $.
3- 3982294.MC current support level is at 8.17 which is the 38.20 % fibonacci retracement of the last 2.49 $ move.
4- 3982294.MC current resistance level is at 8.53 which is the 23.60 % fibonacci retracement of the last 2.49 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
ELECNOR (3982294.MC) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 6.630 and 6.350, and is currently supporting at 7.550.
ELECNOR (3982294.MC) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 6.630 and 6.350, and is currently supporting at 7.550.
ELECNOR (3982294.MC) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 6.300 and 8.890 that was broken up at 6.100 transforming into a supporting line.

Stock Trading Conclusion:
ELECNOR (3982294.MC) was trading in a strong bullish 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 : 8.53, 8.65, 8.74, 8.81, 8.88, 9.12,.
Stock Support levels : 8.17, 7.88, 7.58, 7.55, 6.63, 5.95, 5.09,.
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