Stock Technical indicators to notice in Star Scientific (STSI)
1- Last bullish trend was from 0.74 $ (11/11/2009) to 0.82 $ (11/13/2009) a 0.08 $ move 2- The current bearish trend started from 0.82 $ at 11/13/2009 and is currently trading at 0.75 $.
4- STSI current resistance level is at 0.77 which is the 61.80 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Star Scientific (STSI) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.820 and 0.950 that was broken up at 0.750 transforming into a supporting line.
Star Scientific (STSI) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.820 and 0.950 that was broken up at 0.750 transforming into a supporting line.
Star Scientific (STSI) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.820 and 0.950 that was broken up at 0.750 transforming into a supporting line.
Stock Trading Conclusion:
Star Scientific (STSI) was trading in a bearish wave, which is becoming weaker .
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 : 0.767, 0.771, 0.777, 0.780, 0.785, 0.789, 0.793, 0.801, 0.820, 0.950,.
Stock Support levels : 0.740, 0.739, 0.718,.
