Stock Technical indicators to notice in PANASONIC AVC NETWORKS IN (PAVCI.NS)
1- Last bearish trend was from 29.20 $ (11/9/2007) to 28.05 $ (11/21/2007) a 1.15 $ move 2- The current bullish trend started from 28.05 $ at 11/21/2007 and is currently trading at 29.15 $.
4- PAVCI.NS current resistance level is at 29.20 which is the 100.00 % fibonacci retracement of the last 1.15 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
PANASONIC AVC NETWORKS IN (PAVCI.NS) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 28.050 .
PANASONIC AVC NETWORKS IN (PAVCI.NS) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 17.350 and 18.800 that was broken up at 15.350 transforming into a supporting line.
PANASONIC AVC NETWORKS IN (PAVCI.NS) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 15.150 and 13.550, and is currently supporting at 20.579.
Stock Trading Conclusion:
PANASONIC AVC NETWORKS IN (PAVCI.NS) 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 : 29.20, 29.51, 29.91.
Stock Support levels : 28.89, 28.76, 28.73, 28.63, 28.60, 28.49, 28.47, 28.32, 28.08, 28.05, 28.05, 20.58,.
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