Stock Technical indicators to notice in 1st NRG Corp. (FNRC.OB)
1- Last bearish trend was from 1.50 $ (8/25/2008) to 0.31 $ (3/13/2009) a 1.19 $ move 2- The current bullish trend started from 0.31 $ at 3/13/2009 and is currently trading at 0.75 $.
4- FNRC.OB current resistance level is at 0.76 which is the 38.20 % fibonacci retracement of the last 1.19 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
1st NRG Corp. (FNRC.OB) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 1.500 .
1st NRG Corp. (FNRC.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 1.500 .
1st NRG Corp. (FNRC.OB) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 1.500 .
Stock Trading Conclusion:
1st NRG Corp. (FNRC.OB) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 0.765, 0.905, 1.045, 1.500, 1.824, 2.235.
Stock Support levels : 0.646, 0.591, 0.582, 0.530, 0.478, 0.310,.
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