Stock Technical indicators to notice in SEADRILL (S9A.SG)
1- Last bullish trend was from 25.29 $ (2/25/2014) to 26.54 $ (3/5/2014) a 1.25 $ move 2- The current bearish trend started from 26.54 $ at 3/5/2014 and is currently trading at 25.50 $.
4- S9A.SG current resistance level is at 25.77 which is the 61.80 % fibonacci retracement of the last 1.25 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
SEADRILL (S9A.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 26.540 .
7- The Stock formed a 2.700 $ height triangle which was broken down at 26.040 in higher than usual volume, target of the pattern is 23.340.
SEADRILL (S9A.SG) Mid term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 30.220 and 34.020, and is currently resisting at 27.735.
SEADRILL (S9A.SG) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
SEADRILL (S9A.SG) was trading in a strong bearish wave, which is becoming stronger .
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 : 25.75, 25.77, 25.90, 25.92, 26.02, 26.06, 26.14, 26.25, 26.53, 26.54, 27.74, 27.86.
Stock Support levels : 25.29, 24.95, 24.52,.