Stock Technical indicators to notice in SingTel 10 (Z77.SI)
1- Last bearish trend was from 3.16 $ (2/3/2012) to 3.06 $ (2/21/2012) a 0.10 $ move 2- The current bullish trend started from 3.06 $ at 2/21/2012 and is currently trading at 3.12 $.
4- Z77.SI current resistance level is at 3.12 which is the 61.80 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SingTel 10 (Z77.SI) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 3.160 .
7- The Stock formed a 0.130 $ height triangle which was broken down at 3.100, target of the pattern is 2.970.
SingTel 10 (Z77.SI) Mid term stock chart patterns for internet stock trading :
8- The Stock formed a 0.500 $ height triangle which was broken up at 3.090, target of the pattern is 3.590 which was broken down at 3.130, target of the pattern is 2.630.
SingTel 10 (Z77.SI) Long term stock chart patterns for internet stock trading :
9- The Stock traded in a bullish stock channel identifed by support at 2.890 and 2.860,resistance between 3.390 and 3.330, the stock channel is currently supported from below by 2.939 and resisted from above by 3.453.
Stock Trading Conclusion:
SingTel 10 (Z77.SI) was trading in a bearish 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 : 3.12, 3.16, 3.17, 3.19, 3.19, 3.20, 3.21, 3.22, 3.24, 3.59.
Stock Support levels : 3.11, 3.11, 3.10, 3.10, 3.09, 3.08, 3.08, 3.06, 2.97, 2.91,.
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