Stock Technical indicators to notice in FrasersComm (A48U.SI)
1- Last bearish trend was from 0.17 $ (12/16/2010) to 0.16 $ (12/22/2010) a 0.01 $ move 2- The current bullish trend started from 0.16 $ at 12/22/2010 and is currently trading at 0.17 $.
4- A48U.SI current resistance level is at 0.17 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
FrasersComm (A48U.SI) Short term stock chart patterns for internet stock trading :
6- The Stock is trading in a stock channel between 0.160 $ and 0.170 $.
FrasersComm (A48U.SI) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 0.150 .
8- The Stock formed Double Top Pattern at 0.160 that failed, and formed a support .
FrasersComm (A48U.SI) Long term stock chart patterns for internet stock trading :
9- The Stock formed Double Bottom Pattern at 0.130 .
10- The Stock formed a 0.040 $ height triangle which was broken up at 0.140 in higher than usual volume, target of the pattern is 0.180.
Stock Trading Conclusion:
FrasersComm (A48U.SI) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 0.173, 0.176, 0.180.
Stock Support levels : 0.168, 0.166, 0.165, 0.165, 0.164, 0.162, 0.160, 0.150, 0.130,.