EVM enviromission limited

So EVM is, and I quote, "...trading in a strong bullish wave,...

  1. 1,753 Posts.
    So EVM is, and I quote, "...trading in a strong bullish wave, which is becoming stronger . Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction."

    My analysis - Giddy up!

    Here it is..

    Taken from http://www.thestocksprofit.com/fra/e8b-f-enviromission/


    Today we will analyze the stock ENVIROMISSION (E8B.F) for internet stock trading in the F stock market,
    Stock Technical indicators to notice in ENVIROMISSION (E8B.F)
    1- Last bullish trend was from 0.01 $ (7/20/2009) to 0.05 $ (7/30/2009) a 0.04 $ move 2- The current bearish trend started from 0.05 $ at 7/30/2009 and is currently trading at 0.02 $.
    3- E8B.F current support level is at 0.01 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
    4- E8B.F current resistance level is at 0.03 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
    5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
    ENVIROMISSION (E8B.F) Short term stock chart patterns for internet stock trading :

    6- The Stock formed Double Bottom Pattern at 0.010 .
    ENVIROMISSION (E8B.F) Mid term stock chart patterns for internet stock trading :

    7- The Stock formed Double Bottom Pattern at 0.010 .
    ENVIROMISSION (E8B.F) Long term stock chart patterns for internet stock trading :

    8- The Stock formed Double Bottom Pattern at 0.010 .

    Stock Trading Conclusion:
    ENVIROMISSION (E8B.F) was trading in a strong bullish wave, which is becoming stronger .
    Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
    recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

    Stock Resistance Levels : 0.025, 0.027, 0.030, 0.031, 0.035, 0.035, 0.039, 0.041, 0.050, 0.050.
    Stock Support levels : 0.010, 0.010, -0.001,.
 
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