Stock Technical indicators to notice in XSTRATA (XTR.MU)
1- Last bullish trend was from 12.97 $ (4/2/2012) to 14.68 $ (4/30/2012) a 1.71 $ move 2- The current bearish trend started from 14.68 $ at 4/30/2012 and is currently trading at 13.70 $.
4- XTR.MU current resistance level is at 13.83 which is the 50.00 % fibonacci retracement of the last 1.71 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
XSTRATA (XTR.MU) Short term stock chart patterns for internet stock trading :
None.
XSTRATA (XTR.MU) Mid term stock chart patterns for internet stock trading :
6- The Stock formed a 4.160 $ height triangle.
XSTRATA (XTR.MU) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 12.970 and 10.410, and is currently supporting at 13.589.
Stock Trading Conclusion:
XSTRATA (XTR.MU) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 13.83, 13.93, 14.03, 14.07, 14.19, 14.28, 14.31, 14.68,.
Stock Support levels : 13.62, 13.59, 12.97, 12.50,.