Stock Technical indicators to notice in SMURFIT SISA (SMU.MI)
1- Last bearish trend was from 2.20 $ (8/29/2008) to 2.10 $ (9/2/2008) a 0.10 $ move 2- The current bullish trend started from 2.10 $ at 9/2/2008 and is currently trading at 2.20 $.
4- SMU.MI current resistance level is at 2.23 which is the 127.20 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
SMURFIT SISA (SMU.MI) Short term stock chart patterns for internet stock trading :
6- The Stock is trading in a stock channel between 2.100 $ and 2.200 $.
SMURFIT SISA (SMU.MI) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 2.000 and 1.930 that was broken down at 2.200 transforming into a resistance line.
SMURFIT SISA (SMU.MI) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 0.310 $ height triangle which was broken up at 2.200, target of the pattern is 2.510.
Stock Trading Conclusion:
SMURFIT SISA (SMU.MI) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 2.20, 2.22, 2.23, 2.26, 2.51.
Stock Support levels : 2.18, 2.17, 2.16, 2.15, 2.14, 2.12, 2.10,.
