Stock Technical indicators to notice in ZOKO (ZOKO.TA)
1- Last bullish trend was from 500.00 $ (7/27/2010) to 516.00 $ (7/29/2010) a 16.00 $ move 2- The current bearish trend started from 516.00 $ at 7/29/2010 and is currently trading at 502.30 $.
4- ZOKO.TA current resistance level is at 506.11 which is the 61.80 % fibonacci retracement of the last 16.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
ZOKO (ZOKO.TA) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 516.000 and 550.200 that was broken up at 500.000 transforming into a supporting line.
ZOKO (ZOKO.TA) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 88.400 $ height triangle which was broken down at 497.000, target of the pattern is 408.600.
ZOKO (ZOKO.TA) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 111.500 $ height triangle which was broken down at 500.000, target of the pattern is 388.500.
Stock Trading Conclusion:
ZOKO (ZOKO.TA) 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 : 504.76, 505.53, 506.11, 507.53, 508.00, 509.15, 509.89, 510.77, 512.22, 516.00, 521.02, 550.26.
Stock Support levels : 500.00, 495.65, 490.11, 476.91, 408.60,.