Ericsson (ERIC) “On a long-term technical basis, the stock (ERIC) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 10.00 and 9.15. If the stock breaks down through support at 10.00 then it will probably continue lower to 9.15. The stock will meet resistance at 11.00 and 12.66. If the stock breaks up through resistance at 11.00 then it will probably continue higher to 12.66. The 200-day moving average is at 8.63. This will also act as support. The stock is neutral according to the Stochastic Indicator (64.39).”