Today we will analyze the stock ACO ALTONA -PN (EALT4.SA) for internet stock trading in the SA stock market,
Stock Technical indicators to notice in ACO ALTONA -PN (EALT4.SA)
1- Last bearish trend was from 25.32 $ (2/12/2014) to 24.00 $ (2/28/2014) a 1.32 $ move 2- The current bullish trend started from 24.00 $ at 2/28/2014 and is currently trading at 24.87 $.
3- EALT4.SA current support level is at 24.82 which is the 61.80 % fibonacci retracement of the last 1.32 $ move.
4- EALT4.SA current resistance level is at 25.32 which is the 100.00 % fibonacci retracement of the last 1.32 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
ACO ALTONA -PN (EALT4.SA) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 5.000 $ height triangle.
ACO ALTONA -PN (EALT4.SA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 33.000 .
ACO ALTONA -PN (EALT4.SA) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ACO ALTONA -PN (EALT4.SA) was trading in a strong 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 : 25.32, 25.68, 26.00, 26.14, 27.01, 27.02, 34.41.
Stock Support levels : 24.82, 24.66, 24.66, 24.54, 24.50, 24.44, 24.33, 24.31, 24.00,.
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