Stock Technical indicators to notice in EQUITABLE GP INC COM NPV (ETC.TO)
1- Last bullish trend was from 27.12 $ (2/9/2012) to 29.69 $ (3/7/2012) a 2.57 $ move 2- The current bearish trend started from 29.69 $ at 3/7/2012 and is currently trading at 28.05 $.
4- ETC.TO current resistance level is at 28.10 which is the 61.80 % fibonacci retracement of the last 2.57 $ 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.
EQUITABLE GP INC COM NPV (ETC.TO) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 27.120 and 25.540,resistance between 29.690 and 28.030 which was broken down at 29.020.
EQUITABLE GP INC COM NPV (ETC.TO) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 24.780 and 23.710 that was broken down at 28.150 transforming into a resistance line.
EQUITABLE GP INC COM NPV (ETC.TO) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 21.120 and 19.770, and is currently supporting at 21.793.
Stock Trading Conclusion:
EQUITABLE GP INC COM NPV (ETC.TO) was trading in a strong 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 : 28.10, 28.28, 28.41, 28.44, 28.68, 28.71, 28.87, 29.06, 29.08, 29.69, 32.11.
Stock Support levels : 27.12, 26.42, 25.53,.
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