Stock Technical indicators to notice in AT and S AUSTRIA TECH (AUS.MU)
1- Last bullish trend was from 8.93 $ (4/11/2012) to 9.64 $ (4/20/2012) a 0.71 $ move 2- The current bearish trend started from 9.64 $ at 4/20/2012 and is currently trading at 9.21 $.
4- AUS.MU current resistance level is at 9.28 which is the 50.00 % fibonacci retracement of the last 0.71 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
AT and S AUSTRIA TECH (AUS.MU) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 8.930 and 8.860, and is currently supporting at 8.984.
AT and S AUSTRIA TECH (AUS.MU) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 8.850 and 8.130 that was broken down at 9.400 transforming into a resistance line.
AT and S AUSTRIA TECH (AUS.MU) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
AT and S AUSTRIA TECH (AUS.MU) was trading in a 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 : 9.28, 9.31, 9.37, 9.37, 9.43, 9.47, 9.48, 9.64, 10.07.
Stock Support levels : 9.20, 8.98, 8.93, 8.87, 8.74,.
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