ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for pro Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.

Ethernity Networks Price: ENET Appears to Consolidate, Showcases Lower Lows

Share On Facebook
share on Linkedin
Print

The impact of bears’ actions in the exchange operations of Ethernity Networks Ltd (LSE:ENET) has been to be holding in consolidation style, showcasing lower lows between 0.4 and 0.2.

As it has been depicted by the positioning posture of the stochastic oscillators in the oversold axis; it is likely that buyers may be taking their time by allowing a set of pause trading at the lower end to let them fine-tune basis to observe longing orders. From that angle of logical perspectives, it is quite encouraging that sellers should put off for a while.

Resistance Levels: 0.5, 0.6, 0.7
Support Levels: 0.2, 0.15, 0.1

As the ENET Plc shares line trades below the indicators, what are the EMAs’ current positioning statuses?
As there have been a series of smaller candlesticks beneath the trend lines of the moving averages, buyers may soon be making a comeback, as the Ethernity Networks Ltd stock has now been seen holding in consolidation manner with lesser active moves to back the attempting declines.

The 15-day EMA trend line is under the 50-day EMA trend line. And they are positioned at close distances beneath the line of 0.5. The stochastic oscillators have dipped into the oversold region. It is an ideal trade level for long-term investors to start stakes in the stock activities.

Learn from market wizards: Books to take your trading to the next

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com