Stock Technical indicators to notice in HKR INTERNATIONAL (HKR.SG)
1- Last bullish trend was from 0.27 $ (4/27/2012) to 0.29 $ (5/3/2012) a 0.02 $ move 2- The current bearish trend started from 0.29 $ at 5/3/2012 and is currently trading at 0.28 $.
4- HKR.SG current resistance level is at 0.28 which is the 50.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
HKR INTERNATIONAL (HKR.SG) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 0.270 and 0.260,resistance between 0.290 and 0.280, the stock channel is currently supported from below by 0.272 and resisted from above by 0.291.
HKR INTERNATIONAL (HKR.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.300 and 0.310 that was broken up at 0.290 transforming into a supporting line.
HKR INTERNATIONAL (HKR.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.260 and 0.220, and is currently supporting at 0.277.
Stock Trading Conclusion:
HKR INTERNATIONAL (HKR.SG) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 0.282, 0.284, 0.285, 0.285, 0.286, 0.290,.
Stock Support levels : 0.279, 0.278, 0.277, 0.270, 0.265,.
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