Stock Technical indicators to notice in SINGAPORE AIRLINES (SIA1.SG)
1- Last bearish trend was from 5.95 $ (1/9/2014) to 5.42 $ (2/10/2014) a 0.53 $ move 2- The current bullish trend started from 5.42 $ at 2/10/2014 and is currently trading at 5.77 $.
4- SIA1.SG current resistance level is at 5.95 which is the 100.00 % fibonacci retracement of the last 0.53 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SINGAPORE AIRLINES (SIA1.SG) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 5.420 and 5.740,resistance between 5.950 and 6.130 which was broken up at 5.770.
SINGAPORE AIRLINES (SIA1.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 5.420 .
8- The Stock formed a 1.320 $ height triangle.
SINGAPORE AIRLINES (SIA1.SG) Long term stock chart patterns for internet stock trading :
9- The Stock formed Double Bottom Pattern at 5.420 .
10- The Stock formed a 1.660 $ height triangle.
Stock Trading Conclusion:
SINGAPORE AIRLINES (SIA1.SG) was trading in a bullish wave, which is becoming weaker .
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 : 5.95, 6.09, 6.28.
Stock Support levels : 5.75, 5.69, 5.68, 5.66, 5.64, 5.62, 5.59, 5.55, 5.55, 5.42, 5.42,.