Stock Technical indicators to notice in 3S SWISS SOLAR SYST (S3V.SG)
1- Last bullish trend was from 15.50 $ (6/24/2008) to 16.13 $ (6/25/2008) a 0.63 $ move 2- The current bearish trend started from 16.13 $ at 6/25/2008 and is currently trading at 15.40 $.
4- S3V.SG current resistance level is at 15.50 which is the 100.00 % fibonacci retracement of the last 0.63 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
3S SWISS SOLAR SYST (S3V.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 2.250 $ height triangle which was broken down at 15.800 in higher than usual volume, target of the pattern is 13.550.
3S SWISS SOLAR SYST (S3V.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 12.750 and 12.000, and is currently supporting at 13.800.
3S SWISS SOLAR SYST (S3V.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 12.000 and 11.200, and is currently supporting at 14.618.
Stock Trading Conclusion:
3S SWISS SOLAR SYST (S3V.SG) was trading in a strong bullish wave, which is becoming weaker .
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 : 15.50, 15.57, 15.68, 15.74, 15.76, 15.81, 15.85, 15.89, 15.98, 15.99, 16.13,.
Stock Support levels : 15.33, 15.11, 14.62, 13.80,.