Stock Technical indicators to notice in STATS CHIPPAC (SB8A.SG)
1- Last bearish trend was from 0.17 $ (2/26/2014) to 0.16 $ (3/3/2014) a 0.01 $ move 2- The current bullish trend started from 0.16 $ at 3/3/2014 and is currently trading at 0.17 $.
4- SB8A.SG current resistance level is at 0.17 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
STATS CHIPPAC (SB8A.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.160 .
7- The Stock formed a 0.030 $ height triangle which was broken up at 0.170, target of the pattern is 0.200.
STATS CHIPPAC (SB8A.SG) Mid term stock chart patterns for internet stock trading :
8- The Stock is trading in a stock channel between 0.160 $ and 0.190 $.
STATS CHIPPAC (SB8A.SG) Long term stock chart patterns for internet stock trading :
9- The Stock is trading in a stock channel between 0.160 $ and 0.190 $.
Stock Trading Conclusion:
STATS CHIPPAC (SB8A.SG) was trading in a bearish wave, which is becoming weaker .
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 : 0.173, 0.176, 0.190, 0.200.
Stock Support levels : 0.168, 0.166, 0.165, 0.165, 0.164, 0.162, 0.160,.