Stock Technical indicators to notice in AUGUSTA RESOURCE CORP (AZC.TO)
1- Last bullish trend was from 2.30 $ (4/24/2012) to 2.58 $ (5/1/2012) a 0.28 $ move 2- The current bearish trend started from 2.58 $ at 5/1/2012 and is currently trading at 2.30 $.
4- AZC.TO current resistance level is at 2.30 which is the 100.00 % fibonacci retracement of the last 0.28 $ 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.
AUGUSTA RESOURCE CORP (AZC.TO) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.570 $ height triangle which was broken down at 2.360, target of the pattern is 1.790.
AUGUSTA RESOURCE CORP (AZC.TO) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.570 $ height triangle which was broken down at 2.360, target of the pattern is 1.790.
AUGUSTA RESOURCE CORP (AZC.TO) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 0.570 $ height triangle which was broken down at 2.360, target of the pattern is 1.790.
Stock Trading Conclusion:
AUGUSTA RESOURCE CORP (AZC.TO) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 2.37, 2.38, 2.41, 2.44, 2.47, 2.51, 2.58,.
Stock Support levels : 2.22, 2.13, 1.79,.
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