Stock Technical indicators to notice in ECOMETALS LIMITED (Tier2) (EC.V)
1- Last bearish trend was from 0.19 $ (8/25/2010) to 0.15 $ (8/31/2010) a 0.04 $ move 2- The current bullish trend started from 0.15 $ at 8/31/2010 and is currently trading at 0.16 $.
4- EC.V current resistance level is at 0.17 which is the 38.20 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ECOMETALS LIMITED (Tier2) (EC.V) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.190 and 0.270 that was broken up at 0.160 transforming into a supporting line.
ECOMETALS LIMITED (Tier2) (EC.V) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 0.150 and 0.140, and is currently supporting at 0.151.
ECOMETALS LIMITED (Tier2) (EC.V) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
ECOMETALS LIMITED (Tier2) (EC.V) was trading in a bullish 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 : 0.165, 0.170, 0.175, 0.190, 0.201, 0.215.
Stock Support levels : 0.159, 0.158, 0.156, 0.155, 0.154, 0.151, 0.150,.