Today we'll analyze the Stock AURC for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 0.01$ (02/15/08) to 0.02$ (02/29/08) a 0.01$ move
2- The current bearish trend started from 0.02$ at 02/29/08 and is currently trading at 0.01$.
3- The stock current support level is at 0.01 which is the 127.20% fibonacci retracement of the last 0.01$ move.
4- The stock current resistance level is at 0.01 which is the 100.00% fibonacci retracement of the last 0.01$ move.
5- According to ADX, the trend is currently bearish, which is getting stronger.
Short term chart patterns :
6- The Stock traded in a bearish channel identifed by support at 0.01 and 0.03, resistance between 0.02 and 0.04, the channel is currently supported from below by -0.01 and resisted from above by 0.01.
Mid term chart patterns :
7- The Stock traded in a bearish channel identifed by support at 0.01 and 0.03, resistance between 0.02 and 0.04, the channel is currently supported from below by -0.01 and resisted from above by 0.01.
Long term chart patterns :
8- The Stock traded in a bearish channel identifed by support at 0.01 and 0.03, resistance between 0.02 and 0.04, the channel is currently supported from below by -0.01 and resisted from above by 0.01.
Conclusion:
AURC was trading in a bearish wave, which is becoming stronger .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .
Resistance Levels: 0.012, 0.014, 0.015, 0.016, 0.018, 0.020, 0.060, 0.120.
Support Levels: 0.007,.
We Moved!!
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Monday, March 24, 2008
AURUS CORP (AURC) Technical Analysis
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Shadi
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