Stock Technical indicators to notice in SARAS (S7A.SG)
1- Last bearish trend was from 1.26 $ (3/3/2014) to 1.17 $ (3/4/2014) a 0.09 $ move 2- The current bullish trend started from 1.17 $ at 3/4/2014 and is currently trading at 1.19 $.
4- S7A.SG current resistance level is at 1.19 which is the 23.60 % fibonacci retracement of the last 0.09 $ 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.
SARAS (S7A.SG) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 1.170 and 0.990,resistance between 1.260 and 1.050 which was broken down at 1.200.
SARAS (S7A.SG) Mid term stock chart patterns for internet stock trading :
SARAS (S7A.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.980 and 1.130 that was broken up at 0.960 transforming into a supporting line.
Stock Trading Conclusion:
SARAS (S7A.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 : 1.19, 1.20, 1.21, 1.23, 1.25, 1.26, 1.28, 1.32.
Stock Support levels : 1.19, 1.18, 1.18, 1.18, 1.17, 0.86, 0.83,.