Stock Technical indicators to notice in SASOL SP.ADR (SAO.SG)
1- Last bearish trend was from 36.35 $ (1/29/2014) to 34.24 $ (2/5/2014) a 2.11 $ move 2- The current bullish trend started from 34.24 $ at 2/5/2014 and is currently trading at 38.68 $.
SASOL SP.ADR (SAO.SG) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 36.350 and 37.000 that was broken up at 35.270 transforming into a supporting line.
SASOL SP.ADR (SAO.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 4.270 $ height triangle which was broken up at 36.920, target of the pattern is 41.190.
SASOL SP.ADR (SAO.SG) Long term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 33.440 and 30.470,resistance between 37.710 and 35.120, the stock channel is currently supported from below by 34.755 and resisted from above by 40.101.
Stock Trading Conclusion:
SASOL SP.ADR (SAO.SG) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 41.19.
Stock Support levels : 37.63, 36.98, 36.65, 36.46, 35.94, 34.24,.