Stock Technical indicators to notice in SINGTEL 1000 (SIT4.SG)
1- Last bearish trend was from 1.88 $ (3/16/2012) to 1.82 $ (4/11/2012) a 0.06 $ move 2- The current bullish trend started from 1.82 $ at 4/11/2012 and is currently trading at 1.88 $.
4- SIT4.SG current resistance level is at 1.90 which is the 127.20 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
SINGTEL 1000 (SIT4.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.080 $ height triangle which was broken up at 1.870, target of the pattern is 1.950.
SINGTEL 1000 (SIT4.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 1.830 and 1.840 that was broken up at 1.820 transforming into a supporting line.
SINGTEL 1000 (SIT4.SG) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 0.330 $ height triangle which was broken up at 1.770, target of the pattern is 2.100.
Stock Trading Conclusion:
SINGTEL 1000 (SIT4.SG) was trading in a strong bullish wave, which is becoming stronger .
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 : 1.90, 1.92, 1.95, 2.10.
Stock Support levels : 1.87, 1.87, 1.86, 1.85, 1.84, 1.83, 1.82, 1.80,.
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