Stock Technical indicators to notice in SCHULTHESS GRP N (S7L.SG)
1- Last bullish trend was from 71.47 $ (4/20/2007) to 82.90 $ (4/24/2007) a 11.43 $ move 2- The current bearish trend started from 82.90 $ at 4/24/2007 and is currently trading at 78.08 $.
4- S7L.SG current resistance level is at 78.53 which is the 38.20 % fibonacci retracement of the last 11.43 $ 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.
SCHULTHESS GRP N (S7L.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 71.470 and 68.530, and is currently supporting at 72.058.
SCHULTHESS GRP N (S7L.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 68.530 and 57.570,resistance between 73.730 and 62.220 which was broken down at 79.800 in higher than usual volume.
SCHULTHESS GRP N (S7L.SG) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
SCHULTHESS GRP N (S7L.SG) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 78.53, 79.22, 79.92, 80.20, 80.49, 81.06, 82.90, 84.00.
Stock Support levels : 77.18, 75.84, 72.06, 71.47, 68.36,.