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Monday, March 24, 2008

U S SUSTAINABLE ENERGY CORP (USSE) Technical Analysis

Today we'll analyze the Stock USSE for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 0.03$ (02/22/08) to 0.04$ (02/29/08) a 0.01$ move
2- The current bearish trend started from 0.04$ at 02/29/08 and is currently trading at 0.03$.

3- The stock current support level is at 0.03 which is the 127.20% fibonacci retracement of the last 0.01$ move.
4- The stock current resistance level is at 0.03 which is the 100.00% fibonacci retracement of the last 0.01$ move.
5- According to ADX, the trend is currently bullish, which is getting stronger.
Short term chart patterns :
6- The Stock formed Double Top Pattern at 0.04.
7- The Stock formed a 0.03$ height triangle which was broken down at 0.03, target of the pattern is 0.
Mid term chart patterns :
8- The Stock formed Double Top Pattern at 0.04.
9- The Stock formed a 0.03$ height triangle which was broken down at 0.03, target of the pattern is 0.
Long term chart patterns :
10- The Stock formed Double Top Pattern at 0.04.
11- The Stock formed a 0.03$ height triangle which was broken down at 0.03, target of the pattern is 0.

Conclusion:
USSE was trading in a bullish wave, which is becoming stronger .
Technical indicators and chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy .

Resistance Levels: 0.032, 0.034, 0.035, 0.036, 0.036, 0.038, 0.040, 0.110, 0.190.
Support Levels: 0.027, 0.024,


That's all for today ... thanks for reading the post,
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We Moved!!!

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