Stock Technical indicators to notice in SUNWAY GLOBAL INC. (SUWG.OB)
1- Last bullish trend was from 0.15 $ (3/5/2012) to 0.24 $ (3/8/2012) a 0.09 $ move 2- The current bearish trend started from 0.24 $ at 3/8/2012 and is currently trading at 0.10 $.
4- SUWG.OB current resistance level is at 0.13 which is the 127.20 % fibonacci retracement of the last 0.09 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
6- Bullish Divergance in MACD Indicator .
SUNWAY GLOBAL INC. (SUWG.OB) Short term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.240 and 0.510 that was broken up at 0.150 transforming into a supporting line.
SUNWAY GLOBAL INC. (SUWG.OB) Mid term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.240 and 0.510 that was broken up at 0.150 transforming into a supporting line.
SUNWAY GLOBAL INC. (SUWG.OB) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 0.240 and 0.510 that was broken up at 0.150 transforming into a supporting line.
Stock Trading Conclusion:
SUNWAY GLOBAL INC. (SUWG.OB) was trading in a bearish wave, which is becoming stronger .
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 : 0.126, 0.133, 0.150, 0.153, 0.170, 0.184, 0.187, 0.195, 0.206, 0.219, 0.240, 0.240.
Stock Support levels : 0.094, -2.082,.
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