Stock Technical indicators to notice in Sentry Petroleum Ltd (SPLM.OB)
1- Last bullish trend was from 0.03 $ (5/3/2012) to 0.06 $ (5/8/2012) a 0.03 $ move 2- The current bearish trend started from 0.06 $ at 5/8/2012 and is currently trading at 0.05 $.
4- SPLM.OB current resistance level is at 0.05 which is the 23.60 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Sentry Petroleum Ltd (SPLM.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.060 and 0.080, and is currently resisting at 0.058.
Sentry Petroleum Ltd (SPLM.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.060 and 0.080, and is currently resisting at 0.058.
Sentry Petroleum Ltd (SPLM.OB) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.060 and 0.080, and is currently resisting at 0.058.
Stock Trading Conclusion:
Sentry Petroleum Ltd (SPLM.OB) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 0.052, 0.053, 0.054, 0.055, 0.056, 0.058, 0.060, 0.080, 0.090.
Stock Support levels : 0.049, 0.045, 0.041, 0.030, 0.022,.
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