Today we'll analyze weekly chart of etfc stock for online stock trading.
Interesting technical aspects:
1- the break down of trading envelope of 6/2006 to 7/2007 - 20.11$ to 25.79$,
was a big trigger in the last bearish drop.
2 - MACD bullish divergance
3 - RSI Bullish
4- the stock was supported on 2.8$.
5- the stock is trying to break up the middle line current trading envelope.
6- the stock broke up weekly MA6
all in all the stock is preparing for a bullish move, with a target of 11.36 (first retracement of the big crash). close above 5$ will give the sign for the initiation of the bullish move.
Friday, February 8, 2008
E TRADE Financial Corporation (ETFC) Technical Analysis
That's all for today ... thanks for reading the post,
come back soon for more updates,
use the search to lookup for more interesting stocks you might be interested in,
feel free to leave your comments on the post, or contact me
enjoy your online market trading!!
have a nice day,
Shadi
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