Stock Technical indicators to notice in SULZER N (SUL1.MU)
1- Last bullish trend was from 106.12 $ (4/24/2012) to 109.49 $ (5/2/2012) a 3.37 $ move 2- The current bearish trend started from 109.49 $ at 5/2/2012 and is currently trading at 103.03 $.
SULZER N (SUL1.MU) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Top Pattern at 109.490 .
5- The Stock formed a 9.300 $ height triangle which was broken down at 109.030, target of the pattern is 99.730.
SULZER N (SUL1.MU) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 100.280 and 75.510 that was broken down at 103.030 transforming into a resistance line.
SULZER N (SUL1.MU) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 11.220 $ height triangle which was broken up at 85.640, target of the pattern is 96.860.
Stock Trading Conclusion:
SULZER N (SUL1.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 : 104.55, 105.11, 105.50, 106.26, 107.02, 109.44, 109.49, 111.96.
Stock Support levels : 99.73,.
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