Stock Technical indicators to notice in Gates (5EM.SI)
1- Last bearish trend was from 0.29 $ (7/22/2009) to 0.26 $ (7/24/2009) a 0.03 $ move 2- The current bullish trend started from 0.26 $ at 7/24/2009 and is currently trading at 0.28 $.
4- 5EM.SI current resistance level is at 0.29 which is the 100.00 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Gates (5EM.SI) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 0.260 and 0.210 that was broken down at 0.280 transforming into a resistance line.
Gates (5EM.SI) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 0.260 and 0.210 that was broken down at 0.280 transforming into a resistance line.
Gates (5EM.SI) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.290 .
Stock Trading Conclusion:
Gates (5EM.SI) was trading in a bullish 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 : 0.290, 0.298, 0.309, 0.324,.
Stock Support levels : 0.279, 0.275, 0.275, 0.272, 0.271, 0.270, 0.268, 0.267, 0.260,.
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