Stock Technical indicators to notice in INVENSYS (SBPC.SG)
1- Last bearish trend was from 5.87 $ (6/5/2013) to 5.54 $ (6/7/2013) a 0.33 $ move 2- The current bullish trend started from 5.54 $ at 6/7/2013 and is currently trading at 7.07 $.
INVENSYS (SBPC.SG) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 5.540 and 5.480, and is currently supporting at 5.555.
INVENSYS (SBPC.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock formed Double Bottom Pattern at 4.820 .
6- The Stock formed Double Top Pattern at 5.140 that failed, and formed a support .
INVENSYS (SBPC.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 3.230 and 2.690 that was broken down at 4.910 transforming into a resistance line.
Stock Trading Conclusion:
INVENSYS (SBPC.SG) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 8.22.
Stock Support levels : 6.71, 6.49, 6.31, 6.12, 5.55, 5.54, 5.15,.