Stock Technical indicators to notice in SINGAPORE PETROLEUM (S2T.SG)
1- Last bullish trend was from 0.16 $ (2/1/2012) to 0.18 $ (2/3/2012) a 0.02 $ move 2- The current bearish trend started from 0.18 $ at 2/3/2012 and is currently trading at 0.17 $.
4- S2T.SG current resistance level is at 0.17 which is the 50.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SINGAPORE PETROLEUM (S2T.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.180 and 0.290 that was broken up at 0.170 transforming into a supporting line.
SINGAPORE PETROLEUM (S2T.SG) Mid term stock chart patterns for internet stock trading :
SINGAPORE PETROLEUM (S2T.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 0.160 and 0.110, and is currently supporting at 0.166.
Stock Trading Conclusion:
SINGAPORE PETROLEUM (S2T.SG) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 0.172, 0.174, 0.175, 0.175, 0.176, 0.180,.
Stock Support levels : 0.168, 0.168, 0.166, 0.160, 0.155,.