Stock Technical indicators to notice in ThaiVillag (596.SI)
1- Last bullish trend was from 0.11 $ (1/16/2012) to 0.12 $ (2/2/2012) a 0.01 $ move 2- The current bearish trend started from 0.12 $ at 2/2/2012 and is currently trading at 0.11 $.
4- 596.SI current resistance level is at 0.11 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ThaiVillag (596.SI) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.120 .
7- The Stock formed a 0.020 $ height triangle which was broken down at 0.120 in higher than usual volume, target of the pattern is 0.100.
ThaiVillag (596.SI) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.120 .
9- The Stock formed a 0.020 $ height triangle which was broken down at 0.120 in higher than usual volume, target of the pattern is 0.100.
ThaiVillag (596.SI) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Bottom Pattern at 0.100 .
11- The Stock formed a 0.020 $ height triangle which was broken up at 0.110 in higher than usual volume, target of the pattern is 0.130.
Stock Trading Conclusion:
ThaiVillag (596.SI) 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 : 0.112, 0.114, 0.115, 0.116, 0.118, 0.120, 0.130, 0.133,.
Stock Support levels : 0.107, 0.104, 0.100,.