Stock Technical indicators to notice in SOFTBANK (SFT.SW)
1- Last bearish trend was from 26.00 $ (11/17/2008) to 13.40 $ (11/18/2008) a 12.60 $ move 2- The current bullish trend started from 13.40 $ at 11/18/2008 and is currently trading at 13.85 $.
4- SFT.SW current resistance level is at 16.37 which is the 23.60 % fibonacci retracement of the last 12.60 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
SOFTBANK (SFT.SW) Short term stock chart patterns for internet stock trading :
None.
SOFTBANK (SFT.SW) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 14.050 and 8.340 that was broken down at 13.400 transforming into a resistance line.
SOFTBANK (SFT.SW) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 14.050 and 8.340 that was broken down at 13.400 transforming into a resistance line.
Stock Trading Conclusion:
SOFTBANK (SFT.SW) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 15.81, 16.37, 18.21, 19.70, 21.19, 26.00, 29.43, 33.79.
Stock Support levels : 13.74, 13.68, 13.63, 13.57, 13.45, 13.40,.
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