Stock Technical indicators to notice in EXPERIAN PLC ADR (EXPGY.PK)
1- Last bullish trend was from 15.53 $ (4/23/2012) to 16.20 $ (5/2/2012) a 0.67 $ move 2- The current bearish trend started from 16.20 $ at 5/2/2012 and is currently trading at 15.23 $.
4- EXPGY.PK current resistance level is at 15.35 which is the 127.20 % fibonacci retracement of the last 0.67 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
EXPERIAN PLC ADR (EXPGY.PK) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 15.530 and 15.020 that was broken down at 15.680 transforming into a resistance line.
EXPERIAN PLC ADR (EXPGY.PK) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 14.280 and 11.810 that was broken down at 15.680 transforming into a resistance line.
EXPERIAN PLC ADR (EXPGY.PK) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 13.190 that failed, and formed a support .
9- The Stock formed a 2.630 $ height triangle which was broken up at 13.330, target of the pattern is 15.960 which was broken down at 15.230, target of the pattern is 12.600.
Stock Trading Conclusion:
EXPERIAN PLC ADR (EXPGY.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 : 15.35, 15.35, 15.46, 15.53, 15.60, 15.72, 15.79, 15.83, 15.86, 15.91, 15.94, 15.96, 16.04, 16.20, 16.21.
Stock Support levels : 15.12, 13.07,.
