Stock Technical indicators to notice in SAFRAN (SEJ1.SG)
1- Last bullish trend was from 48.64 $ (2/27/2014) to 50.20 $ (3/5/2014) a 1.56 $ move 2- The current bearish trend started from 50.20 $ at 3/5/2014 and is currently trading at 47.42 $.
SAFRAN (SEJ1.SG) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 50.200 and 53.690, and is currently resisting at 49.327.
SAFRAN (SEJ1.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 38.270 and 32.940 that was broken down at 42.800 transforming into a resistance line.
SAFRAN (SEJ1.SG) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 24.660 and 20.150, and is currently supporting at 45.423.
Stock Trading Conclusion:
SAFRAN (SEJ1.SG) was trading in a bearish 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 : 48.08, 48.48, 48.81, 49.14, 49.33, 50.20, 53.64, 58.59.
Stock Support levels : 45.42.