Stock Technical indicators to notice in SUBSEA 7 INC (S8J.SG)
1- Last bearish trend was from 16.61 $ (11/19/2010) to 15.95 $ (11/30/2010) a 0.66 $ move 2- The current bullish trend started from 15.95 $ at 11/30/2010 and is currently trading at 20.98 $.
SUBSEA 7 INC (S8J.SG) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Bottom Pattern at 15.950 .
5- The Stock formed a 1.240 $ height triangle which was broken up at 16.830, target of the pattern is 18.070.
SUBSEA 7 INC (S8J.SG) Mid term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 15.930 and 14.120,resistance between 17.170 and 15.280 which was broken up at 20.980 in higher than usual volume.
SUBSEA 7 INC (S8J.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 12.010 and 11.130, and is currently supporting at 15.056.
Stock Trading Conclusion:
SUBSEA 7 INC (S8J.SG) was trading in a strong bullish wave, which is becoming stronger .
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 : .
Stock Support levels : 19.79, 19.64, 19.06, 18.47, 17.87, 15.99, 15.97, 15.95, 15.95, 15.06,.