Stock Technical indicators to notice in SEMITOOL (SEM.SG)
1- Last bearish trend was from 7.27 $ (11/20/2009) to 6.96 $ (11/26/2009) a 0.31 $ move 2- The current bullish trend started from 6.96 $ at 11/26/2009 and is currently trading at 7.64 $.
SEMITOOL (SEM.SG) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bullish stock channel identifed by support at 6.960 and 4.750,resistance between 7.270 and 5.190 which was broken down at 7.240.
SEMITOOL (SEM.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 1.420 $ height triangle which was broken up at 5.060, target of the pattern is 6.480.
SEMITOOL (SEM.SG) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
SEMITOOL (SEM.SG) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 10.58.
Stock Support levels : 7.48, 7.38, 7.30, 7.22, 6.96,.