Stock Technical indicators to notice in SKA JOUR and REKR -B- (SJR-B.ST)
1- Last bearish trend was from 58.00 $ (3/14/2011) to 55.00 $ (3/17/2011) a 3.00 $ move 2- The current bullish trend started from 55.00 $ at 3/17/2011 and is currently trading at 69.00 $.
SKA JOUR and REKR -B- (SJR-B.ST) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Bottom Pattern at 55.000 .
5- The Stock formed Double Top Pattern at 58.000 that failed, and formed a support .
6- The Stock formed a 3.000 $ height triangle which was broken up at 58.000 in higher than usual volume, target of the pattern is 61.000.
SKA JOUR and REKR -B- (SJR-B.ST) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 53.250 and 25.000, and is currently supporting at 56.971.
SKA JOUR and REKR -B- (SJR-B.ST) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 53.250 and 25.000, and is currently supporting at 56.971.
Stock Trading Conclusion:
SKA JOUR and REKR -B- (SJR-B.ST) was trading in a bullish wave, which is becoming stronger .
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 : .
Stock Support levels : 65.70, 63.65, 62.00, 60.35, 57.44, 56.97, 56.81, 55.25, 55.00, 54.63,.
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