Stock Technical indicators to notice in SIEMENS SP.ADR (SIEB.SG)
1- Last bullish trend was from 91.16 $ (2/5/2014) to 96.28 $ (2/26/2014) a 5.12 $ move 2- The current bearish trend started from 96.28 $ at 2/26/2014 and is currently trading at 92.16 $.
4- SIEB.SG current resistance level is at 93.12 which is the 61.80 % fibonacci retracement of the last 5.12 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SIEMENS SP.ADR (SIEB.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 96.280 .
SIEMENS SP.ADR (SIEB.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 75.610 and 73.140,resistance between 97.370 and 80.490 which was broken down at 92.160.
SIEMENS SP.ADR (SIEB.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 73.140 and 62.720, and is currently supporting at 80.491.
Stock Trading Conclusion:
SIEMENS SP.ADR (SIEB.SG) was trading in a bearish 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 : 93.12, 93.13, 93.57, 93.72, 93.73, 94.22, 94.32, 94.71, 95.07, 96.28, 96.46.
Stock Support levels : 91.16, 89.77, 88.00,.