SHORT TERM COMMENTARY:
Exco Resources Limited [Tuesday 24 Aug. 2010]:
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Exco Resources Limited fell by -9.43% last day from AUD 0.53 to AUD 0.48. . 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 20% over the past 2 weeks. Volume fell last day along with the stock which actually is a good sign as volume should follow the stock. Last day the tradingvolume fell by -0,77 million shares and in total there was bought and sold 2,24 million shares for approx. AUD 1,08 million.
3 MONTH TREND
Exco Resources Limited lays the middle of a very wide and strong rising trend on short term and further rise within the trend is signalized. Given the current short term trend the stock is expected to rise 53.0% during the next 3 months and with 90% probability hold a price between AUD 0.51 and AUD 0.81 at the end of this period.
Getagraph.com.
Support/Resistance |s Support 1: AUD 0.43 Resistance 1: AUD 0.49
Support 2: AUD 0.40 Resistance 2: AUD 0.53
Support 3: AUD 0.40 Resistance 3: AUD N/A
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- no worries mate !!
no worries mate !!
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