Stock Technical indicators to notice in SILVER WHEATON (SII.DE)
1- Last bearish trend was from 25.14 $ (1/17/2012) to 23.95 $ (1/20/2012) a 1.19 $ move 2- The current bullish trend started from 23.95 $ at 1/20/2012 and is currently trading at 27.60 $.
SILVER WHEATON (SII.DE) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Top Pattern at 25.140 that failed, and formed a support .
5- The Stock was supported by a support line, identified by two points: 23.950 and 21.250, and is currently supporting at 25.638.
SILVER WHEATON (SII.DE) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 25.210 and 26.900 that was broken up at 23.510 transforming into a supporting line.
SILVER WHEATON (SII.DE) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 25.210 and 26.900 that was broken up at 23.510 transforming into a supporting line.
Stock Trading Conclusion:
SILVER WHEATON (SII.DE) 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 : 26.74, 26.21, 25.78, 25.64, 25.34, 25.16, 23.95, 21.08,.
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