Stock Technical indicators to notice in RSH (R04.SI)
1- Last bearish trend was from 0.65 $ (9/1/2010) to 0.58 $ (9/2/2010) a 0.07 $ move 2- The current bullish trend started from 0.58 $ at 9/2/2010 and is currently trading at 0.65 $.
4- R04.SI current resistance level is at 0.67 which is the 127.20 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
RSH (R04.SI) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.650 .
7- The Stock formed a 0.090 $ height triangle.
RSH (R04.SI) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.650 .
9- The Stock formed a 0.090 $ height triangle.
RSH (R04.SI) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Top Pattern at 0.650 .
11- The Stock formed a 0.090 $ height triangle.
Stock Trading Conclusion:
RSH (R04.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 : 0.669, 0.693.
Stock Support levels : 0.633, 0.623, 0.615, 0.607, 0.597, 0.580,.