Stock Technical indicators to notice in SHIMANO (SHM.SG)
1- Last bullish trend was from 53.91 $ (2/7/2014) to 61.14 $ (3/4/2014) a 7.23 $ move 2- The current bearish trend started from 61.14 $ at 3/4/2014 and is currently trading at 58.27 $.
4- SHM.SG current resistance level is at 58.38 which is the 38.20 % fibonacci retracement of the last 7.23 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
SHIMANO (SHM.SG) Short term stock chart patterns for internet stock trading :
SHIMANO (SHM.SG) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 53.910 and 49.890, and is currently supporting at 56.075.
SHIMANO (SHM.SG) Long term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 53.910 and 49.570,resistance between 60.480 and 54.850, the stock channel is currently supported from below by 55.142 and resisted from above by 62.843.
Stock Trading Conclusion:
SHIMANO (SHM.SG) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 58.38, 58.95, 59.37, 59.43, 59.70, 60.04, 61.14,.
Stock Support levels : 57.53, 56.67, 56.07, 53.91, 51.94,.
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