Stock Technical indicators to notice in AT and S AUSTRIA TECH (828998.VI)
1- Last bullish trend was from 10.51 $ (7/19/2010) to 11.64 $ (7/22/2010) a 1.13 $ move 2- The current bearish trend started from 11.64 $ at 7/22/2010 and is currently trading at 11.27 $.
4- 828998.VI current resistance level is at 11.37 which is the 23.60 % fibonacci retracement of the last 1.13 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
AT and S AUSTRIA TECH (828998.VI) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 10.510 and 9.910,resistance between 11.640 and 11.290 which was broken down at 11.210 in higher than usual volume.
AT and S AUSTRIA TECH (828998.VI) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 10.510 and 9.910 that was broken down at 11.210 transforming into a resistance line.
AT and S AUSTRIA TECH (828998.VI) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 10.940 that failed, and formed a support .
9- The Stock was supported by a support line, identified by two points: 9.910 and 8.990, and is currently supporting at 10.753.
Stock Trading Conclusion:
AT and S AUSTRIA TECH (828998.VI) was trading in a bullish 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 : 11.36, 11.37, 11.41, 11.45, 11.50, 11.56, 11.64,.
Stock Support levels : 11.21, 11.08, 10.95, 10.94, 10.75, 10.51, 10.20,.
