Today we'll analyze the Stock MOT for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 11.67$ (02/13/08) to 9.49$ (03/10/08) a 2.18$ move
2- The current bullish trend started from 9.49$ at 03/10/08 and is currently trading at 9.86$.
3- The stock current support level is at 9.49 which is the 0.00% fibonacci retracement of the last 2.18$ move.
4- The stock current resistance level is at 10.00 which is the 23.60% fibonacci retracement of the last 2.18$ move.
5- The Stock was resisted by a resistance line, identified by two points: 11.67 and 12.63 that was broken up at 9.96 transforming into a supporting line.
6- According to ADX, the trend is currently strong bearish, which is getting stronger.
Conclusion:
MOT is currently trading a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .
Resistance Levels: 10.00, 10.32, 10.58, 10.84, 11.67, 12.26, 13.02, 15.84, 19.11.
Support Levels: 9.77, 9.72, 9.67, 9.63, 9.49, 9.49, 9.27,.
We Moved!!
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Friday, March 14, 2008
Motorola, Inc. (MOT) Technical Analysis
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have a nice day,
Shadi
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