Stock Technical indicators to notice in SKYE RESOURCES (S7R.SG)
1- Last bullish trend was from 3.78 $ (8/12/2008) to 4.37 $ (8/22/2008) a 0.59 $ move 2- The current bearish trend started from 4.37 $ at 8/22/2008 and is currently trading at 4.19 $.
4- S7R.SG current resistance level is at 4.23 which is the 23.60 % fibonacci retracement of the last 0.59 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SKYE RESOURCES (S7R.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 3.780 and 3.400 that was broken down at 4.130 transforming into a resistance line.
SKYE RESOURCES (S7R.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 2.000 $ height triangle which was broken up at 3.960, target of the pattern is 5.960 which was broken down at 4.130, target of the pattern is 2.130.
SKYE RESOURCES (S7R.SG) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
SKYE RESOURCES (S7R.SG) was trading in a 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 : 4.23, 4.23, 4.24, 4.26, 4.28, 4.30, 4.37, 5.96.
Stock Support levels : 4.14, 4.07, 4.01, 3.78, 3.62, 3.44, 3.42,.