Stock Technical indicators to notice in SANDVIK (SVKB.DE)
1- Last bullish trend was from 4.00 $ (1/22/2010) to 7.88 $ (1/25/2010) a 3.88 $ move 2- The current bearish trend started from 7.88 $ at 1/25/2010 and is currently trading at 4.00 $.
4- SVKB.DE current resistance level is at 4.00 which is the 100.00 % fibonacci retracement of the last 3.88 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
SANDVIK (SVKB.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 7.880 and 8.730, and is currently resisting at 7.625.
SANDVIK (SVKB.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 7.880 and 8.730, and is currently resisting at 7.625.
SANDVIK (SVKB.DE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 7.880 and 8.730, and is currently resisting at 7.625.
Stock Trading Conclusion:
SANDVIK (SVKB.DE) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 4.92, 5.48, 5.94, 6.40, 6.96, 7.63, 7.88,.
Stock Support levels : 2.94,.
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