Stock Technical indicators to notice in SOUTHERN CALIF GAS 6 (SOCGP.PK)
1- Last bullish trend was from 26.25 $ (4/10/2012) to 29.00 $ (4/26/2012) a 2.75 $ move 2- The current bearish trend started from 29.00 $ at 4/26/2012 and is currently trading at 26.83 $.
4- SOCGP.PK current resistance level is at 27.30 which is the 61.80 % fibonacci retracement of the last 2.75 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SOUTHERN CALIF GAS 6 (SOCGP.PK) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 26.250 and 25.050 that was broken down at 26.830 transforming into a resistance line.
SOUTHERN CALIF GAS 6 (SOCGP.PK) Mid term stock chart patterns for internet stock trading :
None.
SOUTHERN CALIF GAS 6 (SOCGP.PK) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 25.050 and 18.300, and is currently supporting at 25.517.
Stock Trading Conclusion:
SOUTHERN CALIF GAS 6 (SOCGP.PK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 27.07, 27.15, 27.30, 27.34, 27.63, 27.66, 27.92, 27.95, 28.17, 28.35, 29.00,.
Stock Support levels : 26.25, 25.52, 25.50,.
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