Stock Technical indicators to notice in SKYEPHARMA SP.ADR (SK8.SG)
1- Last bullish trend was from 3.49 $ (5/17/2007) to 3.65 $ (5/24/2007) a 0.16 $ move 2- The current bearish trend started from 3.65 $ at 5/24/2007 and is currently trading at 3.53 $.
4- SK8.SG current resistance level is at 3.55 which is the 61.80 % fibonacci retracement of the last 0.16 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SKYEPHARMA SP.ADR (SK8.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 3.490 .
SKYEPHARMA SP.ADR (SK8.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 3.570 and 4.150 that was broken up at 3.470 transforming into a supporting line.
SKYEPHARMA SP.ADR (SK8.SG) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
SKYEPHARMA SP.ADR (SK8.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 : 3.55, 3.56, 3.57, 3.58, 3.59, 3.59, 3.60, 3.61, 3.65,.
Stock Support levels : 3.49, 3.45, 3.39,.