Stock Technical indicators to notice in SMIT INT (S7IA.SG)
1- Last bearish trend was from 59.27 $ (11/27/2009) to 56.52 $ (11/30/2009) a 2.75 $ move 2- The current bullish trend started from 56.52 $ at 11/30/2009 and is currently trading at 59.13 $.
4- S7IA.SG current resistance level is at 59.27 which is the 100.00 % fibonacci retracement of the last 2.75 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
SMIT INT (S7IA.SG) Short term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 56.520 and 52.190,resistance between 59.270 and 54.490 which was broken down at 56.660.
SMIT INT (S7IA.SG) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 52.190 and 49.780, and is currently supporting at 57.667.
SMIT INT (S7IA.SG) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 40.320 and 36.970, and is currently supporting at 56.984.
Stock Trading Conclusion:
SMIT INT (S7IA.SG) was trading in a strong bullish 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 : 59.27, 60.02, 60.97, 76.25.
Stock Support levels : 58.51, 58.22, 58.13, 57.90, 57.83, 57.67, 57.57, 57.52, 57.17, 56.98, 56.52,.