Stock Technical indicators to notice in SILVER BEAR RES (55S.F)
1- Last bullish trend was from 0.39 $ (5/3/2012) to 0.42 $ (5/4/2012) a 0.03 $ move 2- The current bearish trend started from 0.42 $ at 5/4/2012 and is currently trading at 0.37 $.
SILVER BEAR RES (55S.F) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 0.420 and 0.450, and is currently resisting at 0.415.
SILVER BEAR RES (55S.F) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 0.420 and 0.450, and is currently resisting at 0.415.
SILVER BEAR RES (55S.F) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 0.090 $ height triangle which was broken down at 0.420 in higher than usual volume, target of the pattern is 0.330.
Stock Trading Conclusion:
SILVER BEAR RES (55S.F) was trading in a 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 : 0.382, 0.389, 0.395, 0.401, 0.415, 0.420, 0.450, 0.650.
Stock Support levels : 0.330.