Today we'll analyze the Stock AAR for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 19.55$ (04/09/08) to 20.39$ (04/10/08) a 0.84$ move
2- The current bearish trend started from 20.39$ at 04/10/08 and is currently trading at 18.49$.
3- According to ADX, the trend is currently bearish,which is becoming weaker.
Short term chart patterns :
4- The Stock was supported by a support line, identified by two points: 19.55 and 19.14 that was broken down at 19.55 transforming into a resistance line.
Mid term chart patterns :
5- The Stock was resisted by a resistance line, identified by two points: 20.39 and 21.95, and is currently resisting at 20.26.
Long term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 20.39 and 22.19, and is currently resisting at 20.2886.
Conclusion:
AAR was trading in a bearish wave, which is becoming weaker .
Technical indicators and chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy .
Resistance Levels: 18.94, 19.22, 19.44, 19.66, 19.78, 20.19, 20.26, 20.29, 20.39.
Support Levels: 17.02, 17.02, 17.01, 17.01, 17.01, 17.00, 17.00, 16.99, 16.99, 16.99, 16.98, 16.98, 16.98, 16.97, 16.97, 16.97, 16.96, 16.96, 16.96, 16.95, 16.95, 16.94, 16.94, 16.94,.
Thursday, April 17, 2008
Amr Corporation (AAR) 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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