Stock Technical indicators to notice in SPBK 1 SR BANK (ROGG.OL)
1- Last bearish trend was from 41.80 $ (12/5/2011) to 38.20 $ (12/21/2011) a 3.60 $ move 2- The current bullish trend started from 38.20 $ at 12/21/2011 and is currently trading at 40.70 $.
4- ROGG.OL current resistance level is at 41.80 which is the 100.00 % fibonacci retracement of the last 3.60 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SPBK 1 SR BANK (ROGG.OL) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 41.800 and 44.500 that was broken up at 39.200 transforming into a supporting line.
SPBK 1 SR BANK (ROGG.OL) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 41.800 and 46.700 that was broken up at 39.200 transforming into a supporting line.
SPBK 1 SR BANK (ROGG.OL) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 46.700 and 57.250, and is currently resisting at 42.938.
Stock Trading Conclusion:
SPBK 1 SR BANK (ROGG.OL) 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 : 41.80, 42.78, 42.94, 44.02.
Stock Support levels : 40.42, 40.11, 40.00, 39.74, 39.58, 39.45, 39.16, 39.05, 38.20, 38.03,.
