Stock Technical indicators to notice in SingTel 100 (Z78.SI)
1- Last bearish trend was from 3.15 $ (3/2/2012) to 2.94 $ (4/26/2012) a 0.21 $ move 2- The current bullish trend started from 2.94 $ at 4/26/2012 and is currently trading at 3.11 $.
4- Z78.SI current resistance level is at 3.15 which is the 100.00 % fibonacci retracement of the last 0.21 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bullish Divergance in MACD Indicator .
SingTel 100 (Z78.SI) Short term stock chart patterns for internet stock trading :
7- The Stock formed a 0.300 $ height triangle which was broken up at 3.130, target of the pattern is 3.430.
SingTel 100 (Z78.SI) Mid term stock chart patterns for internet stock trading :
8- The Stock formed a 0.300 $ height triangle which was broken up at 3.130, target of the pattern is 3.430.
SingTel 100 (Z78.SI) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 2.870 and 2.500 that was broken down at 3.100 transforming into a resistance line.
Stock Trading Conclusion:
SingTel 100 (Z78.SI) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 3.15, 3.21, 3.28, 3.43, 3.48.
Stock Support levels : 3.10, 3.07, 3.07, 3.05, 3.05, 3.02, 3.02, 3.00, 2.99, 2.94,.
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