Stock Technical indicators to notice in SAAB -B- (SDV.SG)
1- Last bearish trend was from 14.71 $ (2/3/2014) to 13.87 $ (2/5/2014) a 0.84 $ move 2- The current bullish trend started from 13.87 $ at 2/5/2014 and is currently trading at 15.09 $.
4- SDV.SG current resistance level is at 15.23 which is the 161.80 % fibonacci retracement of the last 0.84 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
SAAB -B- (SDV.SG) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 13.870 and 14.270,resistance between 14.710 and 15.700 which was broken up at 14.460.
SAAB -B- (SDV.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 13.870 and 10.420,resistance between 15.700 and 11.590 which was broken down at 14.230.
SAAB -B- (SDV.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 13.870 and 10.420 that was broken down at 14.230 transforming into a resistance line.
Stock Trading Conclusion:
SAAB -B- (SDV.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 : 15.23, 16.01,.
Stock Support levels : 14.94, 14.80, 14.71, 14.62, 14.48, 14.39, 14.34, 14.29, 14.19, 14.07, 13.87,.