SHORT TERM COMMENTARY: Exco Resources Limited [Monday 12 Apr. 2010]: (Autocomments) Exco Resources Limited is up by 6.90% yesterday from AUD 0.29 to AUD 0.31 In the last 10 days the price of Exco Resources Limited has been rising in a total of 7 out of 10 days, and is up by 24% over the past 2 weeks. Volume also increased last day along with the price which is positive technical sign, and in total there was traded 101 790 more shares than the day before. In total there were bought and sold 948 435 shares for approx. AUD 294 015.
3 MONTH TREND Exco Resources Limited has broken the wide and strong rising short term trend up and even stronger raising rate are indicated. On reaction back there will be support on the roof on the current trend broken, which is AUD 0.29, a level that may pose a second chance to hit a runner. According to fan-theory AUD 0.35 will be next possible trendtop level and thereby pose a resistance level which may not be broken on first attempt.
Support/Resistance |s Support 1: AUD 0.28 Resistance 1: AUD N/A Support 2: AUD 0.25 Resistance 2: AUD N/A Support 3: AUD 0.24 Resistance 3: AUD N/A
EXS Price at posting:
31.0¢ Sentiment: ST Buy Disclosure: Held
