Stock Technical indicators to notice in Tech/ops Sevcon (TO)
1- Last bearish trend was from 6.86 $ (6/3/2011) to 6.50 $ (6/6/2011) a 0.36 $ move 2- The current bullish trend started from 6.50 $ at 6/6/2011 and is currently trading at 7.15 $.
Tech/ops Sevcon (TO) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Bottom Pattern at 6.500 .
5- The Stock formed a 0.490 $ height triangle which was broken up at 7.150 in higher than usual volume, target of the pattern is 7.640.
Tech/ops Sevcon (TO) Mid term stock chart patterns for internet stock trading :
6- The Stock formed a 0.840 $ height triangle which was broken up at 7.150 in higher than usual volume, target of the pattern is 7.990.
Tech/ops Sevcon (TO) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 3.660 $ height triangle which was broken up at 6.750, target of the pattern is 10.410.
Stock Trading Conclusion:
Tech/ops Sevcon (TO) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 7.64, 7.99, 10.41.
Stock Support levels : 7.00, 6.97, 6.90, 6.82, 6.75, 6.72, 6.50, 6.49,.
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