Stock Technical indicators to notice in SILICON SENSOR INT (SIS.SG)
1- Last bullish trend was from 8.50 $ (12/29/2011) to 9.08 $ (1/3/2012) a 0.58 $ move 2- The current bearish trend started from 9.08 $ at 1/3/2012 and is currently trading at 8.43 $.
4- SIS.SG current resistance level is at 8.50 which is the 100.00 % fibonacci retracement of the last 0.58 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SILICON SENSOR INT (SIS.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 8.500 that failed and formed a resistance.
SILICON SENSOR INT (SIS.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 8.500 and 8.700,resistance between 9.080 and 9.230, the stock channel is currently supported from below by 8.300 and resisted from above by 8.915.
SILICON SENSOR INT (SIS.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 7.900 and 7.720 that was broken down at 9.000 transforming into a resistance line.
Stock Trading Conclusion:
SILICON SENSOR INT (SIS.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 : 8.50, 8.58, 8.68, 8.72, 8.76, 8.79, 8.83, 8.86, 8.94, 9.08, 10.93.
Stock Support levels : 8.34,.
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