Stock Technical indicators to notice in SUN MICROSYSTEMS (SSYA.HM)
1- Last bearish trend was from 5.82 $ (11/18/2009) to 5.47 $ (12/4/2009) a 0.35 $ move 2- The current bullish trend started from 5.47 $ at 12/4/2009 and is currently trading at 6.72 $.
SUN MICROSYSTEMS (SSYA.HM) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 5.470 and 5.410, and is currently supporting at 5.590.
SUN MICROSYSTEMS (SSYA.HM) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 1.650 $ height triangle which was broken up at 5.760, target of the pattern is 7.410.
SUN MICROSYSTEMS (SSYA.HM) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 5.410 and 4.650, and is currently supporting at 5.674.
Stock Trading Conclusion:
SUN MICROSYSTEMS (SSYA.HM) 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 : 7.41.
Stock Support levels : 6.42, 6.24, 6.09, 5.95, 5.67, 5.59, 5.47,.
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