Stock Technical indicators to notice in SWIFT ENERGY CORP (S25.SG)
1- Last bearish trend was from 8.95 $ (2/18/2014) to 7.04 $ (3/5/2014) a 1.91 $ move 2- The current bullish trend started from 7.04 $ at 3/5/2014 and is currently trading at 7.28 $.
4- S25.SG current resistance level is at 7.49 which is the 23.60 % fibonacci retracement of the last 1.91 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
SWIFT ENERGY CORP (S25.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 8.950 and 9.830, and is currently resisting at 8.314.
SWIFT ENERGY CORP (S25.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 1.350 $ height triangle which was broken down at 9.330, target of the pattern is 7.980.
SWIFT ENERGY CORP (S25.SG) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 2.880 $ height triangle which was broken down at 8.930, target of the pattern is 6.050.
Stock Trading Conclusion:
SWIFT ENERGY CORP (S25.SG) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 7.49, 7.77, 7.99, 8.22, 8.31, 8.95, 9.16, 9.47, 10.01, 10.13.
Stock Support levels : 7.22, 7.19, 7.16, 7.13, 7.04,.