Stock Technical indicators to notice in ISHARES TRUST COMEX GOLD ETF US (IGT.TO)
1- Last bullish trend was from 15.72 $ (4/4/2012) to 16.25 $ (4/12/2012) a 0.53 $ move 2- The current bearish trend started from 16.25 $ at 4/12/2012 and is currently trading at 15.84 $.
4- IGT.TO current resistance level is at 15.92 which is the 61.80 % fibonacci retracement of the last 0.53 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
ISHARES TRUST COMEX GOLD ETF US (IGT.TO) Short term stock chart patterns for internet stock trading :
7- The Stock formed a 1.930 $ height triangle which was broken up at 15.900 in higher than usual volume, target of the pattern is 17.830.
ISHARES TRUST COMEX GOLD ETF US (IGT.TO) Mid term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 17.340 and 17.770, and is currently resisting at 17.072.
ISHARES TRUST COMEX GOLD ETF US (IGT.TO) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 17.340 and 17.770, and is currently resisting at 17.072.
Stock Trading Conclusion:
ISHARES TRUST COMEX GOLD ETF US (IGT.TO) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 15.92, 15.94, 15.99, 16.00, 16.05, 16.05, 16.09, 16.12, 16.25, 17.07, 17.83.
Stock Support levels : 15.72, 15.65, 15.58,.
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