Stock Technical indicators to notice in ENDESA SP ADR (EPN.MU)
1- Last bullish trend was from 39.71 $ (3/30/2012) to 42.29 $ (4/5/2012) a 2.58 $ move 2- The current bearish trend started from 42.29 $ at 4/5/2012 and is currently trading at 41.10 $.
4- EPN.MU current resistance level is at 41.30 which is the 38.20 % fibonacci retracement of the last 2.58 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ENDESA SP ADR (EPN.MU) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 39.710 and 38.380,resistance between 42.290 and 41.420, the stock channel is currently supported from below by 40.985 and resisted from above by 43.471.
ENDESA SP ADR (EPN.MU) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 5.640 $ height triangle which was broken up at 35.710, target of the pattern is 41.350.
ENDESA SP ADR (EPN.MU) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 5.640 $ height triangle which was broken up at 35.710, target of the pattern is 41.350.
Stock Trading Conclusion:
ENDESA SP ADR (EPN.MU) was trading in a bearish 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 : 41.30, 41.35, 41.38, 41.55, 41.68, 41.69, 41.84, 42.29,.
Stock Support levels : 41.00, 40.70, 39.71, 39.01, 38.12, 34.96,.
