Stock Technical indicators to notice in SHF COMM TECHNOL (S4K.DE)
1- Last bearish trend was from 4.95 $ (5/3/2012) to 4.80 $ (5/4/2012) a 0.15 $ move 2- The current bullish trend started from 4.80 $ at 5/4/2012 and is currently trading at 5.04 $.
4- S4K.DE current resistance level is at 5.04 which is the 161.80 % fibonacci retracement of the last 0.15 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SHF COMM TECHNOL (S4K.DE) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 1.450 $ height triangle which was broken up at 4.800, target of the pattern is 6.250.
SHF COMM TECHNOL (S4K.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 6.170 and 6.500, and is currently resisting at 6.072.
SHF COMM TECHNOL (S4K.DE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 5.150 and 5.020 that was broken down at 5.250 transforming into a resistance line.
Stock Trading Conclusion:
SHF COMM TECHNOL (S4K.DE) was trading in a strong bearish 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 : 5.04, 5.51, 6.07, 6.25.
Stock Support levels : 4.99, 4.98, 4.95, 4.95, 4.92, 4.89, 4.89, 4.88, 4.86, 4.84, 4.80,.
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