Stock Technical indicators to notice in AIC GLOBAL FINANCIAL SPLIT CORP (ASC.TO)
1- Last bearish trend was from 0.50 $ (5/12/2011) to 0.20 $ (5/30/2011) a 0.30 $ move 2- The current bullish trend started from 0.20 $ at 5/30/2011 and is currently trading at 0.22 $.
4- ASC.TO current resistance level is at 0.27 which is the 23.60 % fibonacci retracement of the last 0.30 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
AIC GLOBAL FINANCIAL SPLIT CORP (ASC.TO) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.500 and 1.280 that was broken up at 0.300 transforming into a supporting line.
AIC GLOBAL FINANCIAL SPLIT CORP (ASC.TO) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.500 and 1.280 that was broken up at 0.300 transforming into a supporting line.
AIC GLOBAL FINANCIAL SPLIT CORP (ASC.TO) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.500 and 1.280 that was broken up at 0.300 transforming into a supporting line.
Stock Trading Conclusion:
AIC GLOBAL FINANCIAL SPLIT CORP (ASC.TO) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 0.271, 0.315, 0.350, 0.385, 0.500, 0.582, 0.685.
Stock Support levels : 0.215, 0.212, 0.210, 0.208, 0.200, -4.431,.
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