Stock Technical indicators to notice in SANOCHEMIA PHARMA (SAC.SG)
1- Last bullish trend was from 1.72 $ (2/7/2014) to 1.81 $ (2/27/2014) a 0.09 $ move 2- The current bearish trend started from 1.81 $ at 2/27/2014 and is currently trading at 1.77 $.
4- SAC.SG current resistance level is at 1.78 which is the 38.20 % fibonacci retracement of the last 0.09 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
SANOCHEMIA PHARMA (SAC.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.810 and 1.920, and is currently resisting at 1.780.
SANOCHEMIA PHARMA (SAC.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.750 and 1.720 that was broken down at 1.760 transforming into a resistance line.
SANOCHEMIA PHARMA (SAC.SG) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 0.460 $ height triangle.
Stock Trading Conclusion:
SANOCHEMIA PHARMA (SAC.SG) was trading in a bullish 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 : 1.78, 1.78, 1.78, 1.79, 1.79, 1.79, 1.79, 1.81, 1.83.
Stock Support levels : 1.76, 1.75, 1.72, 1.70,.