EGIDE (Paris: GID.PA) (EPA:GID) Stock Research Trends Targets and Technical Analysis - Euronext paris stock exchange [en]

Today we will analyze the stock EGIDE (GID.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in EGIDE (GID.PA)
1- Last bullish trend was from 8.12 $ (2/26/2010) to 8.93 $ (3/3/2010) a 0.81 $ move 2- The current bearish trend started from 8.93 $ at 3/3/2010 and is currently trading at 8.51 $. 3- GID.PA current support level is at 8.43 which is the 61.80 % fibonacci retracement of the last 0.81 $ move.
4- GID.PA current resistance level is at 8.52 which is the 50.00 % fibonacci retracement of the last 0.81 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
EGIDE (GID.PA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 8.930 .
EGIDE (GID.PA) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 8.910 and 9.190 that was broken up at 8.930 transforming into a supporting line.
EGIDE (GID.PA) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 9.790 and 10.490, and is currently resisting at 8.849.

Stock Trading Conclusion:
EGIDE (GID.PA) was trading in a strong 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 : 8.52, 8.61, 8.62, 8.67, 8.72, 8.74, 8.77, 8.85, 8.93, 8.94.
Stock Support levels : 8.43, 8.35, 8.12, 7.90,.