Stock Technical indicators to notice in SAF SIMULATION (S4X.SG)
1- Last bearish trend was from 14.59 $ (8/15/2011) to 13.76 $ (8/24/2011) a 0.83 $ move 2- The current bullish trend started from 13.76 $ at 8/24/2011 and is currently trading at 17.01 $.
SAF SIMULATION (S4X.SG) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Top Pattern at 14.590 that failed, and formed a support .
5- The Stock was supported by a support line, identified by two points: 13.760 and 13.550, and is currently supporting at 14.390.
SAF SIMULATION (S4X.SG) Mid term stock chart patterns for internet stock trading :
6- The Stock formed a 6.130 $ height triangle which was broken up at 14.590, target of the pattern is 20.720 which was broken down at 17.200, target of the pattern is 11.070.
SAF SIMULATION (S4X.SG) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
SAF SIMULATION (S4X.SG) was trading in a strong bullish wave, which is becoming weaker .
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 : 18.78, 20.72.
Stock Support levels : 16.24, 15.77, 15.39, 15.05, 15.00, 14.90, 14.75, 14.39, 13.76, 11.07,.