Stock Technical indicators to notice in SUED-CHEMIE (SUC.MU)
1- Last bearish trend was from 127.59 $ (7/8/2011) to 123.00 $ (9/2/2011) a 4.59 $ move 2- The current bullish trend started from 123.00 $ at 9/2/2011 and is currently trading at 131.00 $.
SUED-CHEMIE (SUC.MU) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Top Pattern at 127.590 that failed, and formed a support .
5- The Stock formed a 6.500 $ height triangle which was broken up at 127.900, target of the pattern is 134.400.
SUED-CHEMIE (SUC.MU) Mid term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 120.000 and 93.200,resistance between 132.500 and 102.000 which was broken down at 124.250.
SUED-CHEMIE (SUC.MU) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 120.000 and 86.000 that was broken down at 124.250 transforming into a resistance line.
Stock Trading Conclusion:
SUED-CHEMIE (SUC.MU) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 134.40, 148.01, 148.85.
Stock Support levels : 129.11, 127.94, 127.00, 126.90, 126.83, 126.06,.
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