Stock Technical indicators to notice in SEVEN and I HOLDINGS (S6M.SG)
1- Last bullish trend was from 0.34 $ (2/20/2014) to 27.73 $ (2/26/2014) a 27.39 $ move 2- The current bearish trend started from 27.73 $ at 2/26/2014 and is currently trading at 27.38 $.
4- S6M.SG current resistance level is at 27.73 which is the 0.00 % fibonacci retracement of the last 27.39 $ 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.
SEVEN and I HOLDINGS (S6M.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 27.730 and 29.820 that was broken up at 27.470 transforming into a supporting line.
SEVEN and I HOLDINGS (S6M.SG) Mid term stock chart patterns for internet stock trading :
SEVEN and I HOLDINGS (S6M.SG) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
SEVEN and I HOLDINGS (S6M.SG) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 27.46, 27.51, 27.56, 27.60, 27.73,.
Stock Support levels : 26.89, 21.27, 17.27, 14.03, 10.80, 0.34, -7.11,.