Stock Technical indicators to notice in AML Communications Inc. (AMLJ.OB)
1- Last bearish trend was from 1.37 $ (8/17/2010) to 1.23 $ (8/30/2010) a 0.14 $ move 2- The current bullish trend started from 1.23 $ at 8/30/2010 and is currently trading at 1.30 $.
4- AMLJ.OB current resistance level is at 1.32 which is the 61.80 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
AML Communications Inc. (AMLJ.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.370 and 1.590 that was broken up at 1.260 transforming into a supporting line.
AML Communications Inc. (AMLJ.OB) Mid term stock chart patterns for internet stock trading :
None.
AML Communications Inc. (AMLJ.OB) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.280 and 1.250 that was broken down at 1.300 transforming into a resistance line.
Stock Trading Conclusion:
AML Communications Inc. (AMLJ.OB) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 1.32, 1.33, 1.37, 1.41, 1.46.
Stock Support levels : 1.28, 1.28, 1.27, 1.26, 1.26, 1.26, 1.23,.