Stock Technical indicators to notice in ECOTEL COMMUNCAT (E4C.SG)
1- Last bullish trend was from 5.00 $ (4/20/2012) to 5.30 $ (4/25/2012) a 0.30 $ move 2- The current bearish trend started from 5.30 $ at 4/25/2012 and is currently trading at 5.06 $.
4- E4C.SG current resistance level is at 5.11 which is the 61.80 % fibonacci retracement of the last 0.30 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ECOTEL COMMUNCAT (E4C.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 5.000 .
ECOTEL COMMUNCAT (E4C.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 4.470 and 4.010 that was broken down at 5.060 transforming into a resistance line.
ECOTEL COMMUNCAT (E4C.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 4.870 and 4.900 that was broken up at 4.750 transforming into a supporting line.
Stock Trading Conclusion:
ECOTEL COMMUNCAT (E4C.SG) was trading in a 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 : 5.10, 5.11, 5.12, 5.15, 5.15, 5.18, 5.19, 5.21, 5.23, 5.30,.
Stock Support levels : 5.00, 4.92, 4.81, 4.65,.
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