Stock Technical indicators to notice in SAFEGUARD SCIENTIF (SFU.SG)
1- Last bullish trend was from 1.12 $ (8/17/2009) to 1.26 $ (8/20/2009) a 0.14 $ move 2- The current bearish trend started from 1.26 $ at 8/20/2009 and is currently trading at 1.18 $.
4- SFU.SG current resistance level is at 1.19 which is the 50.00 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SAFEGUARD SCIENTIF (SFU.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 1.260 .
SAFEGUARD SCIENTIF (SFU.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 1.260 .
SAFEGUARD SCIENTIF (SFU.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 1.120 and 0.750 that was broken down at 1.190 transforming into a resistance line.
Stock Trading Conclusion:
SAFEGUARD SCIENTIF (SFU.SG) was trading in a bullish 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 : 1.19, 1.20, 1.21, 1.21, 1.22, 1.22, 1.23, 1.23, 1.26,.
Stock Support levels : 1.17, 1.12, 1.08,.