Stock Technical indicators to notice in SEVERN TRENT (SVT1.DE)
1- Last bullish trend was from 15.90 $ (3/17/2011) to 18.50 $ (3/31/2011) a 2.60 $ move 2- The current bearish trend started from 18.50 $ at 3/31/2011 and is currently trading at 16.80 $.
4- SVT1.DE current resistance level is at 16.89 which is the 61.80 % fibonacci retracement of the last 2.60 $ 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.
SEVERN TRENT (SVT1.DE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 18.500 .
SEVERN TRENT (SVT1.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 18.500 .
SEVERN TRENT (SVT1.DE) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 18.500 .
Stock Trading Conclusion:
SEVERN TRENT (SVT1.DE) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 16.89, 17.20, 17.20, 17.45, 17.51, 17.65, 17.85, 17.89, 18.50,.
Stock Support levels : 15.90, 15.19,.
