Stock Technical indicators to notice in Evertz Technologies Ltd (ET.TO)
1- Last bullish trend was from 13.61 $ (3/7/2012) to 14.90 $ (3/27/2012) a 1.29 $ move 2- The current bearish trend started from 14.90 $ at 3/27/2012 and is currently trading at 13.95 $.
4- ET.TO current resistance level is at 14.10 which is the 61.80 % fibonacci retracement of the last 1.29 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Evertz Technologies Ltd (ET.TO) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 13.610 and 11.750 that was broken down at 14.150 transforming into a resistance line.
Evertz Technologies Ltd (ET.TO) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 13.610 and 11.750 that was broken down at 14.150 transforming into a resistance line.
Evertz Technologies Ltd (ET.TO) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 13.080 that failed, and formed a support .
9- The Stock formed a 2.120 $ height triangle which was broken up at 13.810 in higher than usual volume, target of the pattern is 15.930.
Stock Trading Conclusion:
Evertz Technologies Ltd (ET.TO) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 14.10, 14.17, 14.25, 14.31, 14.41, 14.43, 14.54, 14.60, 14.89, 14.90, 15.93.
Stock Support levels : 13.61, 13.26, 12.96,.
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