Stock Technical indicators to notice in ROEDER ZELTS U SERV (RZS.SG)
1- Last bullish trend was from 67.01 $ (2/21/2014) to 73.00 $ (3/7/2014) a 5.99 $ move 2- The current bearish trend started from 73.00 $ at 3/7/2014 and is currently trading at 68.50 $.
4- RZS.SG current resistance level is at 69.30 which is the 61.80 % fibonacci retracement of the last 5.99 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
ROEDER ZELTS U SERV (RZS.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 67.010 and 66.520, and is currently supporting at 67.269.
ROEDER ZELTS U SERV (RZS.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 73.000 .
8- The Stock formed a 7.750 $ height triangle.
ROEDER ZELTS U SERV (RZS.SG) Long term stock chart patterns for internet stock trading :
9- The Stock formed a 18.280 $ height triangle which was broken up at 70.000, target of the pattern is 88.280.
Stock Trading Conclusion:
ROEDER ZELTS U SERV (RZS.SG) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 69.30, 69.56, 70.01, 70.22, 70.71, 70.75, 71.28, 71.59, 73.00, 88.28.
Stock Support levels : 67.27, 67.01, 65.38, 63.31,.