Stock Technical indicators to notice in AURORA ENERGY RESOURCES INC (AXU.TO)
1- Last bullish trend was from 2.12 $ (4/15/2009) to 2.27 $ (4/16/2009) a 0.15 $ move 2- The current bearish trend started from 2.27 $ at 4/16/2009 and is currently trading at 2.11 $.
4- AXU.TO current resistance level is at 2.12 which is the 100.00 % fibonacci retracement of the last 0.15 $ move.
5- According to ADX Indicator, the trend is currently 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.
AURORA ENERGY RESOURCES INC (AXU.TO) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.310 $ height triangle which was broken up at 2.110, target of the pattern is 2.420 which was broken down at 2.110 in higher than usual volume, target of the pattern is 1.800.
AURORA ENERGY RESOURCES INC (AXU.TO) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.310 $ height triangle which was broken up at 2.110, target of the pattern is 2.420 which was broken down at 2.110 in higher than usual volume, target of the pattern is 1.800.
AURORA ENERGY RESOURCES INC (AXU.TO) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 2.400 and 2.720, and is currently resisting at 2.293.
Stock Trading Conclusion:
AURORA ENERGY RESOURCES INC (AXU.TO) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 2.12, 2.15, 2.15, 2.17, 2.18, 2.19, 2.19, 2.21, 2.21, 2.23, 2.25, 2.27, 2.29, 2.42,.
Stock Support levels : 2.08, 2.07, 2.03, 1.80,.
