Today we will analyze the stock SGL CARBON AKTI (SGGGY.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in SGL CARBON AKTI (SGGGY.PK)
1- Last bearish trend was from 17.37 $ (8/2/2007) to 13.60 $ (8/17/2007) a 3.77 $ move 2- The current bullish trend started from 13.60 $ at 8/17/2007 and is currently trading at 14.10 $.
3- SGGGY.PK current support level is at 13.60 which is the 0.00 % fibonacci retracement of the last 3.77 $ move.
4- SGGGY.PK current resistance level is at 14.49 which is the 23.60 % fibonacci retracement of the last 3.77 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SGL CARBON AKTI (SGGGY.PK) Short term stock chart patterns for internet stock trading :

None.
SGL CARBON AKTI (SGGGY.PK) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 15.650 and 13.300 that was broken down at 16.050 transforming into a resistance line.
SGL CARBON AKTI (SGGGY.PK) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 15.650 and 13.300 that was broken down at 16.050 transforming into a resistance line.

Stock Trading Conclusion:
SGL CARBON AKTI (SGGGY.PK) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 14.49, 15.04, 15.49, 15.93, 17.37, 17.88, 18.40, 19.70.
Stock Support levels : 13.98, 13.91, 13.85, 13.79, 13.60,.