Stock Technical indicators to notice in AMERICAN LORAIN CORP (ALRC.OB)
1- Last bearish trend was from 2.95 $ (8/17/2009) to 2.45 $ (8/25/2009) a 0.50 $ move 2- The current bullish trend started from 2.45 $ at 8/25/2009 and is currently trading at 2.90 $.
4- ALRC.OB current resistance level is at 2.95 which is the 100.00 % fibonacci retracement of the last 0.50 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
AMERICAN LORAIN CORP (ALRC.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 2.950 and 3.000 that was broken up at 2.850 transforming into a supporting line.
AMERICAN LORAIN CORP (ALRC.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 2.950 and 3.000 that was broken up at 2.850 transforming into a supporting line.
AMERICAN LORAIN CORP (ALRC.OB) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 2.950 and 3.000 that was broken up at 2.850 transforming into a supporting line.
Stock Trading Conclusion:
AMERICAN LORAIN CORP (ALRC.OB) was trading in a bullish wave, which is becoming stronger .
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 : 2.95, 3.09, 3.26.
Stock Support levels : 2.79, 2.76, 2.73, 2.72, 2.70, 2.68, 2.64, 2.62, 2.57, 2.45,.
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