Stock Technical indicators to notice in ARACRUZ -PNA (ARCZ5.SA)
1- Last bearish trend was from 12.00 $ (10/8/2009) to 5.74 $ (10/27/2009) a 6.26 $ move 2- The current bullish trend started from 5.74 $ at 10/27/2009 and is currently trading at 9.90 $.
4- ARCZ5.SA current resistance level is at 12.00 which is the 100.00 % fibonacci retracement of the last 6.26 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ARACRUZ -PNA (ARCZ5.SA) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 5.740 and 1.010, and is currently supporting at 6.528.
ARACRUZ -PNA (ARCZ5.SA) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 5.740 and 1.010, and is currently supporting at 6.528.
ARACRUZ -PNA (ARCZ5.SA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 5.740 and 1.010, and is currently supporting at 6.528.
Stock Trading Conclusion:
ARACRUZ -PNA (ARCZ5.SA) 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 : 12.00, 13.70, 15.87.
Stock Support levels : 9.61, 8.92, 8.87, 8.31, 8.13, 7.82, 7.33, 7.22, 6.53, 5.74,.
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