Stock Technical indicators to notice in SUNPOWER-A (S9P.SG)
1- Last bearish trend was from 5.93 $ (11/11/2011) to 5.25 $ (11/15/2011) a 0.68 $ move 2- The current bullish trend started from 5.25 $ at 11/15/2011 and is currently trading at 5.49 $.
4- S9P.SG current resistance level is at 5.51 which is the 38.20 % fibonacci retracement of the last 0.68 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SUNPOWER-A (S9P.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 5.930 and 6.430 that was broken up at 5.490 transforming into a supporting line.
SUNPOWER-A (S9P.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 2.120 $ height triangle which was broken down at 5.710, target of the pattern is 3.590.
SUNPOWER-A (S9P.SG) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 2.120 $ height triangle which was broken down at 5.710, target of the pattern is 3.590.
Stock Trading Conclusion:
SUNPOWER-A (S9P.SG) was trading in a 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 : 5.51, 5.59, 5.67, 5.93, 6.05, 6.11, 6.35.
Stock Support levels : 5.43, 5.41, 5.40, 5.37, 5.34, 5.25, 5.18, 3.59,.