Stock Technical indicators to notice in AGO (AGY.SG)
1- Last bearish trend was from 2.27 $ (3/28/2012) to 1.90 $ (5/2/2012) a 0.37 $ move 2- The current bullish trend started from 1.90 $ at 5/2/2012 and is currently trading at 2.15 $.
4- AGY.SG current resistance level is at 2.27 which is the 100.00 % fibonacci retracement of the last 0.37 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
AGO (AGY.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 2.270 and 2.290, and is currently resisting at 2.225.
AGO (AGY.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 2.270 and 2.580 that was broken up at 2.150 transforming into a supporting line.
AGO (AGY.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 2.270 and 2.790 that was broken up at 2.150 transforming into a supporting line.
Stock Trading Conclusion:
AGO (AGY.SG) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 2.22, 2.27, 2.37, 2.50.
Stock Support levels : 2.13, 2.09, 2.09, 2.07, 2.05, 2.04, 2.04, 2.03, 2.00, 1.99, 1.90,.
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