Stock Technical indicators to notice in SUN MICROSYSTEMS (JAVA.L)
1- Last bullish trend was from 289.50 $ (10/10/2007) to 305.00 $ (10/15/2007) a 15.50 $ move 2- The current bearish trend started from 305.00 $ at 10/15/2007 and is currently trading at 243.18 $.
SUN MICROSYSTEMS (JAVA.L) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 289.500 and 272.000 that was broken down at 294.000 transforming into a resistance line.
SUN MICROSYSTEMS (JAVA.L) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 272.000 and 234.000 that was broken down at 284.500 transforming into a resistance line.
SUN MICROSYSTEMS (JAVA.L) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
SUN MICROSYSTEMS (JAVA.L) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 257.77, 266.80, 274.09, 281.38, 302.40, 305.00, 324.50.
Stock Support levels :.
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