Stock Technical indicators to notice in SVENSKA CELLULO -B- (SCA.SG)
1- Last bearish trend was from 17.51 $ (1/22/2014) to 15.77 $ (1/30/2014) a 1.74 $ move 2- The current bullish trend started from 15.77 $ at 1/30/2014 and is currently trading at 16.75 $.
4- SCA.SG current resistance level is at 16.85 which is the 61.80 % fibonacci retracement of the last 1.74 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
SVENSKA CELLULO -B- (SCA.SG) Short term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 15.770 .
SVENSKA CELLULO -B- (SCA.SG) Mid term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 15.770 and 13.890,resistance between 17.510 and 15.290, the stock channel is currently supported from below by 16.397 and resisted from above by 18.343.
SVENSKA CELLULO -B- (SCA.SG) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 13.890 and 13.650, and is currently supporting at 14.231.
Stock Trading Conclusion:
SVENSKA CELLULO -B- (SCA.SG) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 16.85, 17.51, 17.98, 18.59.
Stock Support levels : 16.64, 16.52, 16.43, 16.38, 16.26, 16.18, 16.14, 15.77, 15.76, 15.73, 15.71,.