Stock Technical indicators to notice in SOLAR2 (S2R.SG)
1- Last bullish trend was from 0.17 $ (11/25/2008) to 0.23 $ (12/1/2008) a 0.06 $ move 2- The current bearish trend started from 0.23 $ at 12/1/2008 and is currently trading at 0.19 $.
4- S2R.SG current resistance level is at 0.19 which is the 61.80 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
SOLAR2 (S2R.SG) Short term stock chart patterns for internet stock trading :
SOLAR2 (S2R.SG) Mid term stock chart patterns for internet stock trading :
SOLAR2 (S2R.SG) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
SOLAR2 (S2R.SG) was trading in a strong 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 : 0.193, 0.199, 0.200, 0.205, 0.207, 0.210, 0.215, 0.216, 0.230,.
Stock Support levels : 0.170, 0.154,.