Stock Technical indicators to notice in AVINO SILVER and GOLD (ASGMF.PK)
1- Last bullish trend was from 2.58 $ (7/8/2011) to 3.06 $ (7/26/2011) a 0.48 $ move 2- The current bearish trend started from 3.06 $ at 7/26/2011 and is currently trading at 2.72 $.
4- ASGMF.PK current resistance level is at 2.76 which is the 61.80 % fibonacci retracement of the last 0.48 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
AVINO SILVER and GOLD (ASGMF.PK) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 2.580 and 2.100 that was broken down at 2.610 transforming into a resistance line.
AVINO SILVER and GOLD (ASGMF.PK) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 2.100 and 2.050, and is currently supporting at 2.244.
AVINO SILVER and GOLD (ASGMF.PK) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 2.100 and 2.050, and is currently supporting at 2.244.
Stock Trading Conclusion:
AVINO SILVER and GOLD (ASGMF.PK) was trading in a bearish 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 : 2.76, 2.80, 2.82, 2.85, 2.88, 2.89, 2.93, 2.95, 3.06, 3.68.
Stock Support levels : 2.58, 2.45, 2.28, 2.24,.
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