Stock Technical indicators to notice in STEEL DYNAMICS (SD5.SG)
1- Last bullish trend was from 11.60 $ (2/4/2014) to 13.15 $ (2/21/2014) a 1.55 $ move 2- The current bearish trend started from 13.15 $ at 2/21/2014 and is currently trading at 12.58 $.
4- SD5.SG current resistance level is at 12.78 which is the 23.60 % fibonacci retracement of the last 1.55 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
STEEL DYNAMICS (SD5.SG) Short term stock chart patterns for internet stock trading :
STEEL DYNAMICS (SD5.SG) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 13.150 and 14.370, and is currently resisting at 12.777.
STEEL DYNAMICS (SD5.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 11.600 and 10.260, and is currently supporting at 11.793.
Stock Trading Conclusion:
STEEL DYNAMICS (SD5.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 : 12.71, 12.78, 12.78, 12.80, 12.86, 12.93, 13.15,.
Stock Support levels : 12.56, 12.38, 12.19, 11.79, 11.60, 11.18,.