Stock Technical indicators to notice in SWISS RE N (SCR.SG)
1- Last bearish trend was from 39.44 $ (11/14/2011) to 35.67 $ (11/24/2011) a 3.77 $ move 2- The current bullish trend started from 35.67 $ at 11/24/2011 and is currently trading at 39.65 $.
4- SCR.SG current resistance level is at 40.47 which is the 127.20 % fibonacci retracement of the last 3.77 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
SWISS RE N (SCR.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 39.440 and 40.190 that was broken up at 39.000 transforming into a supporting line.
SWISS RE N (SCR.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 40.190 .
SWISS RE N (SCR.SG) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 10.590 $ height triangle.
Stock Trading Conclusion:
SWISS RE N (SCR.SG) was trading in a bullish 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 : 40.28, 40.47, 40.88, 41.77.
Stock Support levels : 39.44, 38.71, 38.13, 38.00, 37.66, 37.56, 37.31, 37.19, 37.11, 36.56, 35.67,.