Today we will analyze the stock EXCELSIOR ENERGY LIMITED (Tier2 (ELE.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in EXCELSIOR ENERGY LIMITED (Tier2 (ELE.V)
1- Last bullish trend was from 0.37 $ (10/25/2010) to 0.41 $ (11/1/2010) a 0.04 $ move 2- The current bearish trend started from 0.41 $ at 11/1/2010 and is currently trading at 0.36 $.
3- ELE.V current support level is at 0.36 which is the 127.20 % fibonacci retracement of the last 0.04 $ move.
4- ELE.V current resistance level is at 0.37 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
EXCELSIOR ENERGY LIMITED (Tier2 (ELE.V) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 0.370 and 0.320,resistance between 0.410 and 0.390 which was broken down at 0.360 in higher than usual volume.
EXCELSIOR ENERGY LIMITED (Tier2 (ELE.V) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.320 and 0.300 that was broken down at 0.360 transforming into a resistance line.
EXCELSIOR ENERGY LIMITED (Tier2 (ELE.V) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.320 and 0.300 that was broken down at 0.360 transforming into a resistance line.

Stock Trading Conclusion:
EXCELSIOR ENERGY LIMITED (Tier2 (ELE.V) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 0.370, 0.372, 0.379, 0.385, 0.385, 0.390, 0.391, 0.394, 0.395, 0.401, 0.402, 0.410,.
Stock Support levels : 0.359, 0.345,.