Stock Technical indicators to notice in ASSA ABLOY-B- (ALZB.SG)
1- Last bearish trend was from 23.25 $ (4/20/2012) to 21.82 $ (4/24/2012) a 1.43 $ move 2- The current bullish trend started from 21.82 $ at 4/24/2012 and is currently trading at 22.02 $.
4- ALZB.SG current resistance level is at 22.16 which is the 23.60 % fibonacci retracement of the last 1.43 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
ASSA ABLOY-B- (ALZB.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 21.820 .
7- The Stock formed a 2.080 $ height triangle.
ASSA ABLOY-B- (ALZB.SG) Mid term stock chart patterns for internet stock trading :
8- The Stock formed a 2.860 $ height triangle which was broken down at 22.000, target of the pattern is 19.140.
ASSA ABLOY-B- (ALZB.SG) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 15.900 and 14.500, and is currently supporting at 19.464.
Stock Trading Conclusion:
ASSA ABLOY-B- (ALZB.SG) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 22.16, 22.37, 22.41, 22.53, 22.70, 23.25, 23.64, 24.13.
Stock Support levels : 21.97, 21.94, 21.92, 21.90, 21.84, 21.82, 19.46,.
