Stock Technical indicators to notice in TIGER BRANDS (UG5A.F)
1- Last bearish trend was from 26.74 $ (4/4/2012) to 25.56 $ (4/12/2012) a 1.18 $ move 2- The current bullish trend started from 25.56 $ at 4/12/2012 and is currently trading at 28.66 $.
TIGER BRANDS (UG5A.F) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Bottom Pattern at 25.560 .
5- The Stock formed a 2.030 $ height triangle which was broken up at 26.600 in higher than usual volume, target of the pattern is 28.630.
TIGER BRANDS (UG5A.F) Mid term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 25.470 and 19.330,resistance between 27.500 and 21.300, the stock channel is currently supported from below by 27.039 and resisted from above by 30.023.
TIGER BRANDS (UG5A.F) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 19.330 and 17.800, and is currently supporting at 23.259.
Stock Trading Conclusion:
TIGER BRANDS (UG5A.F) was trading in a 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 : .
Stock Support levels : 27.93, 27.48, 27.11, 26.74, 25.77, 25.73, 25.64, 25.56,.
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