Stock Technical indicators to notice in SOFTSHIP (SFO.SG)
1- Last bullish trend was from 4.60 $ (2/5/2014) to 4.80 $ (2/14/2014) a 0.20 $ move 2- The current bearish trend started from 4.80 $ at 2/14/2014 and is currently trading at 4.62 $.
4- SFO.SG current resistance level is at 4.68 which is the 61.80 % fibonacci retracement of the last 0.20 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
SOFTSHIP (SFO.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 4.800 and 4.980 that was broken up at 4.620 transforming into a supporting line.
SOFTSHIP (SFO.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 4.520 and 4.950,resistance between 4.980 and 5.520, the stock channel is currently supported from below by 3.951 and resisted from above by 4.688.
SOFTSHIP (SFO.SG) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
SOFTSHIP (SFO.SG) was trading in a 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 : 4.66, 4.68, 4.69, 4.70, 4.71, 4.72, 4.73, 4.75, 4.80,.
Stock Support levels : 4.61, 4.60, 4.55,.