Stock Technical indicators to notice in SoonLian (5MD.SI)
1- Last bullish trend was from 0.06 $ (3/29/2012) to 0.08 $ (5/3/2012) a 0.02 $ move 2- The current bearish trend started from 0.08 $ at 5/3/2012 and is currently trading at 0.05 $.
4- 5MD.SI current resistance level is at 0.05 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
SoonLian (5MD.SI) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.060 that failed and formed a resistance.
7- The Stock formed Double Top Pattern at 0.080 .
SoonLian (5MD.SI) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.060 that failed and formed a resistance.
9- The Stock formed Double Top Pattern at 0.080 .
SoonLian (5MD.SI) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Bottom Pattern at 0.060 that failed and formed a resistance.
11- The Stock formed Double Top Pattern at 0.080 .
Stock Trading Conclusion:
SoonLian (5MD.SI) was trading in a strong bullish 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 : 0.055, 0.057, 0.060, 0.061, 0.065, 0.068, 0.069, 0.070, 0.072, 0.075, 0.080,.
Stock Support levels :.
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