Stock Technical indicators to notice in SYSTAIC (SJK.SG)
1- Last bullish trend was from 0.14 $ (7/21/2011) to 0.15 $ (7/22/2011) a 0.01 $ move 2- The current bearish trend started from 0.15 $ at 7/22/2011 and is currently trading at 0.08 $.
SYSTAIC (SJK.SG) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bearish stock channel identifed by support at 0.140 and 0.180,resistance between 0.150 and 0.190 which was broken down at 0.110 in higher than usual volume.
SYSTAIC (SJK.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 0.150 and 0.200, and is currently resisting at 0.143.
SYSTAIC (SJK.SG) Long term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.160 that failed and formed a resistance.
Stock Trading Conclusion:
SYSTAIC (SJK.SG) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 0.097, 0.107, 0.115, 0.123, 0.131, 0.143, 0.150, 0.160.
Stock Support levels :.