Stock Technical indicators to notice in SKAKO INDUSTRIES (VTH.CO)
1- Last bullish trend was from 50.50 $ (10/5/2009) to 53.00 $ (10/15/2009) a 2.50 $ move 2- The current bearish trend started from 53.00 $ at 10/15/2009 and is currently trading at 50.50 $.
4- VTH.CO current resistance level is at 50.50 which is the 100.00 % fibonacci retracement of the last 2.50 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SKAKO INDUSTRIES (VTH.CO) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 53.000 and 55.000, and is currently resisting at 51.500.
SKAKO INDUSTRIES (VTH.CO) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 55.000 and 57.000, and is currently resisting at 53.174.
SKAKO INDUSTRIES (VTH.CO) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 14.900 $ height triangle which was broken up at 54.000 in higher than usual volume, target of the pattern is 68.900 which was broken down at 52.500, target of the pattern is 37.600.
Stock Trading Conclusion:
SKAKO INDUSTRIES (VTH.CO) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 51.09, 51.46, 51.50, 51.75, 52.04, 52.41, 53.00, 53.17, 56.83, 68.90.
Stock Support levels : 49.82, 48.96, 37.60,.
