Stock Technical indicators to notice in SEMBCORP IND (SBOA.SG)
1- Last bullish trend was from 2.82 $ (2/3/2014) to 2.98 $ (2/27/2014) a 0.16 $ move 2- The current bearish trend started from 2.98 $ at 2/27/2014 and is currently trading at 2.84 $.
4- SBOA.SG current resistance level is at 2.88 which is the 61.80 % fibonacci retracement of the last 0.16 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SEMBCORP IND (SBOA.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 2.980 and 3.150, and is currently resisting at 2.948.
SEMBCORP IND (SBOA.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.370 $ height triangle which was broken down at 3.000, target of the pattern is 2.630.
SEMBCORP IND (SBOA.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 3.170 and 3.310, and is currently resisting at 3.118.
Stock Trading Conclusion:
SEMBCORP IND (SBOA.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 : 2.87, 2.88, 2.89, 2.90, 2.91, 2.92, 2.93, 2.94, 2.95, 2.98, 3.06, 3.12.
Stock Support levels : 2.82, 2.78, 2.72,.