Stock Technical indicators to notice in BAYER SCHERING PHAR (SCH.SG)
1- Last bearish trend was from 107.84 $ (5/12/2008) to 103.52 $ (6/30/2008) a 4.32 $ move 2- The current bullish trend started from 103.52 $ at 6/30/2008 and is currently trading at 105.68 $.
4- SCH.SG current resistance level is at 106.19 which is the 61.80 % fibonacci retracement of the last 4.32 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
BAYER SCHERING PHAR (SCH.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 103.520 and 102.750 that was broken down at 105.680 transforming into a resistance line.
BAYER SCHERING PHAR (SCH.SG) Mid term stock chart patterns for internet stock trading :
BAYER SCHERING PHAR (SCH.SG) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
BAYER SCHERING PHAR (SCH.SG) was trading in a bullish wave, which is becoming weaker .
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 : 106.02, 106.19, 107.84, 109.02, 110.51.
Stock Support levels : 105.68, 105.17, 105.17, 104.85, 104.60, 104.54, 104.35, 103.52,.