Stock Technical indicators to notice in STARMAN (S6H.SG)
1- Last bearish trend was from 5.20 $ (1/28/2009) to 5.00 $ (2/24/2009) a 0.20 $ move 2- The current bullish trend started from 5.00 $ at 2/24/2009 and is currently trading at 5.30 $.
4- S6H.SG current resistance level is at 5.32 which is the 161.80 % fibonacci retracement of the last 0.20 $ 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.
STARMAN (S6H.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 5.000 and 4.700, and is currently supporting at 5.129.
STARMAN (S6H.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 4.700 and 1.800 that was broken down at 5.200 transforming into a resistance line.
STARMAN (S6H.SG) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 1.800 and 2.080,resistance between 2.410 and 2.700 which was broken up at 2.000.
Stock Trading Conclusion:
STARMAN (S6H.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 : 5.32, 13.40.
Stock Support levels : 5.25, 5.23, 5.20, 5.19, 5.15, 5.13, 5.12, 5.11, 5.10, 5.08, 5.05, 5.00,.