Stock Technical indicators to notice in SHIN-ETSU CHEMICAL (SEH.SG)
1- Last bullish trend was from 38.96 $ (2/20/2014) to 40.96 $ (2/26/2014) a 2.00 $ move 2- The current bearish trend started from 40.96 $ at 2/26/2014 and is currently trading at 39.37 $.
4- SEH.SG current resistance level is at 39.72 which is the 61.80 % fibonacci retracement of the last 2.00 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SHIN-ETSU CHEMICAL (SEH.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 40.960 and 41.170, and is currently resisting at 40.861.
SHIN-ETSU CHEMICAL (SEH.SG) Mid term stock chart patterns for internet stock trading :
SHIN-ETSU CHEMICAL (SEH.SG) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 44.040 $ height triangle which was broken down at 41.000, target of the pattern is -3.040.
Stock Trading Conclusion:
SHIN-ETSU CHEMICAL (SEH.SG) was trading in a bearish 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 : 39.72, 39.75, 39.96, 39.98, 40.17, 40.20, 40.35, 40.49, 40.86, 40.96, 156.16.
Stock Support levels : 38.96, 38.42, 37.72,.