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