Stock Technical indicators to notice in SMT SCHARF (S4A.SG)
1- Last bullish trend was from 20.42 $ (1/31/2014) to 21.34 $ (2/12/2014) a 0.92 $ move 2- The current bearish trend started from 21.34 $ at 2/12/2014 and is currently trading at 19.83 $.
SMT SCHARF (S4A.SG) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 2.340 $ height triangle which was broken down at 20.400, target of the pattern is 18.060.
SMT SCHARF (S4A.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 19.240 and 19.120, and is currently supporting at 19.566.
SMT SCHARF (S4A.SG) Long term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 19.120 and 21.580,resistance between 21.580 and 23.750, the stock channel is currently supported from below by 15.868 and resisted from above by 20.248.
Stock Trading Conclusion:
SMT SCHARF (S4A.SG) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 20.19, 20.41, 20.59, 20.76, 21.34, 21.41.
Stock Support levels : 19.57,.