Stock Technical indicators to notice in MapletreeLog (M44U.SI)
1- Last bullish trend was from 0.89 $ (3/6/2012) to 0.99 $ (5/3/2012) a 0.10 $ move 2- The current bearish trend started from 0.99 $ at 5/3/2012 and is currently trading at 0.96 $.
4- M44U.SI current resistance level is at 0.97 which is the 23.60 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
MapletreeLog (M44U.SI) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 0.890 and 0.860, and is currently supporting at 0.931.
MapletreeLog (M44U.SI) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.100 $ height triangle which was broken up at 0.890 in higher than usual volume, target of the pattern is 0.990.
MapletreeLog (M44U.SI) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.930 and 1.000 that was broken up at 0.860 transforming into a supporting line.
Stock Trading Conclusion:
MapletreeLog (M44U.SI) was trading in a strong bearish 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 : 0.966, 0.967, 0.971, 0.975, 0.979, 0.990, 0.990,.
Stock Support levels : 0.952, 0.940, 0.931, 0.928, 0.890, 0.863, 0.836, 0.828,.
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