Stock Technical indicators to notice in POTASH ONE (I5X.SG)
1- Last bullish trend was from 3.27 $ (2/22/2011) to 3.38 $ (2/23/2011) a 0.11 $ move 2- The current bearish trend started from 3.38 $ at 2/23/2011 and is currently trading at 3.20 $.
POTASH ONE (I5X.SG) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 0.210 $ height triangle which was broken up at 3.270, target of the pattern is 3.480 which was broken down at 3.250 in higher than usual volume, target of the pattern is 3.040.
POTASH ONE (I5X.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 1.180 $ height triangle which was broken down at 3.250 in higher than usual volume, target of the pattern is 2.070.
POTASH ONE (I5X.SG) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 2.720 and 2.900 that was broken up at 3.230 transforming into a supporting line.
Stock Trading Conclusion:
POTASH ONE (I5X.SG) 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 : 3.24, 3.27, 3.29, 3.31, 3.38, 3.39, 3.48, 3.64.
Stock Support levels : 3.14, 3.04, 2.07,.