Stock Technical indicators to notice in Asset Acceptance Capital Corp. (AACC)
1- Last bearish trend was from 4.11 $ (8/27/2010) to 3.81 $ (8/31/2010) a 0.30 $ move 2- The current bullish trend started from 3.81 $ at 8/31/2010 and is currently trading at 3.93 $.
4- AACC current resistance level is at 3.96 which is the 50.00 % fibonacci retracement of the last 0.30 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Asset Acceptance Capital Corp. (AACC) Short term stock chart patterns for internet stock trading :
None.
Asset Acceptance Capital Corp. (AACC) Mid term stock chart patterns for internet stock trading :
6- The Stock formed a 0.850 $ height triangle.
Asset Acceptance Capital Corp. (AACC) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 4.670 and 6.040 that was broken up at 4.070 transforming into a supporting line.
Stock Trading Conclusion:
Asset Acceptance Capital Corp. (AACC) 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 : 3.96, 4.00, 4.11, 4.19, 4.30, 4.60.
Stock Support levels : 3.92, 3.90, 3.88, 3.88, 3.87, 3.86, 3.81,.