Stock Technical indicators to notice in SOLOMON SYSTECH (RZF.MU)
1- Last bullish trend was from 0.02 $ (3/9/2012) to 0.03 $ (3/19/2012) a 0.01 $ move 2- The current bearish trend started from 0.03 $ at 3/19/2012 and is currently trading at 0.02 $.
4- RZF.MU current resistance level is at 0.02 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SOLOMON SYSTECH (RZF.MU) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.030 .
7- The Stock formed a 0.020 $ height triangle which was broken down at 0.020, target of the pattern is 0.000.
SOLOMON SYSTECH (RZF.MU) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.030 .
9- The Stock formed a 0.020 $ height triangle which was broken down at 0.020, target of the pattern is 0.000.
SOLOMON SYSTECH (RZF.MU) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Top Pattern at 0.030 .
11- The Stock formed a 0.020 $ height triangle which was broken down at 0.020, target of the pattern is 0.000.
Stock Trading Conclusion:
SOLOMON SYSTECH (RZF.MU) was trading in a bearish wave, which is becoming weaker .
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 : 0.022, 0.023, 0.024, 0.025, 0.026, 0.028, 0.030,.
Stock Support levels : 0.017, 0.014, 0.000,.