Stock Technical indicators to notice in SHC Cap (565.SI)
1- Last bullish trend was from 0.12 $ (4/30/2012) to 0.14 $ (5/2/2012) a 0.02 $ move 2- The current bearish trend started from 0.14 $ at 5/2/2012 and is currently trading at 0.11 $.
4- 565.SI current resistance level is at 0.11 which is the 127.20 % fibonacci retracement of the last 0.02 $ 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.
SHC Cap (565.SI) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.140 .
SHC Cap (565.SI) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 0.140 .
SHC Cap (565.SI) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.140 .
9- The Stock formed a 0.040 $ height triangle which was broken down at 0.110, target of the pattern is 0.070.
Stock Trading Conclusion:
SHC Cap (565.SI) 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 : 0.115, 0.117, 0.120, 0.121, 0.125, 0.127, 0.128, 0.129, 0.130, 0.132, 0.135, 0.140,.
Stock Support levels : 0.108,.