Stock Technical indicators to notice in SUNTECK REAL (SUNTECK.BO)
1- Last bearish trend was from 381.15 $ (3/30/2012) to 367.00 $ (4/11/2012) a 14.15 $ move 2- The current bullish trend started from 367.00 $ at 4/11/2012 and is currently trading at 379.90 $.
4- SUNTECK.BO current resistance level is at 381.15 which is the 100.00 % fibonacci retracement of the last 14.15 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
SUNTECK REAL (SUNTECK.BO) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 34.750 $ height triangle which was broken up at 377.200 in higher than usual volume, target of the pattern is 411.950.
SUNTECK REAL (SUNTECK.BO) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 393.750 and 417.350 that was broken up at 381.500 transforming into a supporting line.
SUNTECK REAL (SUNTECK.BO) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 257.300 and 244.850, and is currently supporting at 268.447.
Stock Trading Conclusion:
SUNTECK REAL (SUNTECK.BO) was trading in a strong bullish wave, which is becoming stronger .
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 : 381.15, 385.00, 389.89, 411.95.
Stock Support levels : 376.86, 375.74, 374.97, 374.08, 373.45, 372.41, 371.93, 370.34, 369.60, 367.00, 268.45,.
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