Stock Technical indicators to notice in MARZOTTO (MAZ.SG)
1- Last bullish trend was from 3.77 $ (9/12/2007) to 4.04 $ (9/24/2007) a 0.27 $ move 2- The current bearish trend started from 4.04 $ at 9/24/2007 and is currently trading at 3.68 $.
4- MAZ.SG current resistance level is at 3.70 which is the 127.20 % fibonacci retracement of the last 0.27 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
MARZOTTO (MAZ.SG) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 3.770 and 3.690,resistance between 4.040 and 3.940 which was broken down at 3.680 in higher than usual volume.
MARZOTTO (MAZ.SG) Mid term stock chart patterns for internet stock trading :
None.
MARZOTTO (MAZ.SG) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
MARZOTTO (MAZ.SG) was trading in a bearish wave, which is becoming stronger .
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 : 3.70, 3.76, 3.77, 3.82, 3.82, 3.86, 3.87, 3.90, 3.90, 3.94, 3.94, 3.98, 4.04,.
Stock Support levels : 3.60.
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