Stock Technical indicators to notice in SAF HOLLAND (SFQ.SG)
1- Last bullish trend was from 10.30 $ (3/3/2014) to 10.99 $ (3/5/2014) a 0.69 $ move 2- The current bearish trend started from 10.99 $ at 3/5/2014 and is currently trading at 10.51 $.
4- SFQ.SG current resistance level is at 10.56 which is the 61.80 % fibonacci retracement of the last 0.69 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SAF HOLLAND (SFQ.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 10.990 and 12.230 that was broken up at 10.900 transforming into a supporting line.
SAF HOLLAND (SFQ.SG) Mid term stock chart patterns for internet stock trading :
SAF HOLLAND (SFQ.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 9.710 and 7.820 that was broken down at 11.150 transforming into a resistance line.
Stock Trading Conclusion:
SAF HOLLAND (SFQ.SG) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 10.56, 10.62, 10.65, 10.69, 10.73, 10.75, 10.81, 10.83, 10.99, 11.39, 11.85.
Stock Support levels : 10.46, 10.30, 10.11,.