Stock Technical indicators to notice in GRP (G18.SI)
1- Last bearish trend was from 0.24 $ (4/17/2012) to 0.21 $ (4/27/2012) a 0.03 $ move 2- The current bullish trend started from 0.21 $ at 4/27/2012 and is currently trading at 0.22 $.
4- G18.SI current resistance level is at 0.22 which is the 38.20 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
GRP (G18.SI) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.210 .
GRP (G18.SI) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 0.200 .
GRP (G18.SI) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.200 .
Stock Trading Conclusion:
GRP (G18.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 : 0.221, 0.225, 0.229, 0.240, 0.248, 0.259.
Stock Support levels : 0.218, 0.217, 0.216, 0.215, 0.214, 0.210, 0.200,.
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