Stock Technical indicators to notice in ECI TELECOM 2.4 (ECI.SG)
1- Last bearish trend was from 6.82 $ (9/12/2007) to 6.61 $ (9/25/2007) a 0.21 $ move 2- The current bullish trend started from 6.61 $ at 9/25/2007 and is currently trading at 6.85 $.
4- ECI.SG current resistance level is at 6.88 which is the 127.20 % fibonacci retracement of the last 0.21 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ECI TELECOM 2.4 (ECI.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.500 $ height triangle which was broken up at 6.850 in higher than usual volume, target of the pattern is 7.350.
ECI TELECOM 2.4 (ECI.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 6.450 and 5.730 that was broken down at 6.720 transforming into a resistance line.
ECI TELECOM 2.4 (ECI.SG) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
ECI TELECOM 2.4 (ECI.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 : 6.86, 6.88, 6.95, 7.35.
Stock Support levels : 6.82, 6.79, 6.78, 6.76, 6.74, 6.73, 6.72, 6.70, 6.69, 6.66, 6.61,.
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