Today we'll analyze the Stock GGW for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 10.59$ (03/26/08) to 10.05$ (04/01/08) a 0.54$ move
2- The current bullish trend started from 10.05$ at 04/01/08 and is currently trading at 10.65$.
3- The stock current support level is at 10.59 which is the 100.00% fibonacci retracement of the last 0.54$ move.
4- The stock current resistance level is at 10.74 which is the 127.20% fibonacci retracement of the last 0.54$ move.
5- According to ADX, the trend is currently bullish,which is becoming weaker.
Short term chart patterns :
6- The Stock formed a 1.65$ height triangle which was broken up at 10.29, target of the pattern is 11.94.
Mid term chart patterns :
7- The Stock was supported by a support line, identified by two points: 9.9 and 9.8, and is currently supporting at 9.92195.
Long term chart patterns :
None.
Conclusion:
GGW was trading in a bullish wave, which is becoming weaker .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .
Resistance Levels: 10.74, 10.92, 11.94.
Support Levels: 10.59, 10.51, 10.42, 10.38, 10.35, 10.32, 10.28, 10.26, 10.18, 10.05, 9.92, 9.80,.
We Moved!!
Please check our new site : The stocks profit, for
Stock Research
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi
Stock Research
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi
Monday, April 7, 2008
Accelerated Return Notes Linked to the PHLX Gold & Silver Index (GGW) 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
to get back to main page click here .
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment