Stock Technical indicators to notice in SAP AG SP ADR (SAPA.SG)
1- Last bullish trend was from 54.84 $ (2/4/2014) to 58.60 $ (2/25/2014) a 3.76 $ move 2- The current bearish trend started from 58.60 $ at 2/25/2014 and is currently trading at 55.66 $.
4- SAPA.SG current resistance level is at 56.28 which is the 61.80 % fibonacci retracement of the last 3.76 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SAP AG SP ADR (SAPA.SG) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 54.840 and 58.010,resistance between 58.600 and 62.040, the stock channel is currently supported from below by 52.727 and resisted from above by 57.662.
SAP AG SP ADR (SAPA.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 62.040 .
SAP AG SP ADR (SAPA.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 62.040 and 62.590, and is currently resisting at 61.904.
Stock Trading Conclusion:
SAP AG SP ADR (SAPA.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 : 56.28, 56.35, 56.72, 56.78, 57.13, 57.16, 57.48, 57.71, 58.60, 61.90, 62.16, 62.22, 62.28.
Stock Support levels : 54.84, 53.82,.