Stock Technical indicators to notice in STMICROELECTRONICS (SGM.SG)
1- Last bearish trend was from 6.23 $ (2/18/2014) to 6.04 $ (2/21/2014) a 0.19 $ move 2- The current bullish trend started from 6.04 $ at 2/21/2014 and is currently trading at 6.70 $.
STMICROELECTRONICS (SGM.SG) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bullish stock channel identifed by support at 6.040 and 5.860,resistance between 6.230 and 6.080 which was broken up at 6.470.
STMICROELECTRONICS (SGM.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 0.660 $ height triangle which was broken up at 5.770 in higher than usual volume, target of the pattern is 6.430.
STMICROELECTRONICS (SGM.SG) Long term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 5.240 and 6.020,resistance between 7.090 and 7.560 which was broken up at 6.010.
Stock Trading Conclusion:
STMICROELECTRONICS (SGM.SG) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , 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 : .
Stock Support levels : 6.54, 6.45, 6.39, 6.37, 6.29, 6.04, 5.74,.