Stock Technical indicators to notice in SOUTHERN CROSS RES (6SH.F)
1- Last bearish trend was from 1.65 $ (9/21/2009) to 1.60 $ (9/28/2009) a 0.05 $ move 2- The current bullish trend started from 1.60 $ at 9/28/2009 and is currently trading at 1.80 $.
SOUTHERN CROSS RES (6SH.F) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Bottom Pattern at 1.600 .
5- The Stock formed a 0.100 $ height triangle which was broken up at 1.600, target of the pattern is 1.700.
SOUTHERN CROSS RES (6SH.F) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.600 and 1.800 that was broken up at 1.700 transforming into a supporting line.
SOUTHERN CROSS RES (6SH.F) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 1.600 and 1.800 that was broken up at 1.700 transforming into a supporting line.
Stock Trading Conclusion:
SOUTHERN CROSS RES (6SH.F) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : .
Stock Support levels : 1.75, 1.72, 1.70, 1.68, 1.60, 1.55,.
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