Stock Technical indicators to notice in SKF -B- (SKFB.SG)
1- Last bearish trend was from 13.99 $ (2/25/2014) to 13.28 $ (3/3/2014) a 0.71 $ move 2- The current bullish trend started from 13.28 $ at 3/3/2014 and is currently trading at 13.68 $.
4- SKFB.SG current resistance level is at 13.72 which is the 61.80 % fibonacci retracement of the last 0.71 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SKF -B- (SKFB.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 13.280 .
SKF -B- (SKFB.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 3.030 $ height triangle.
SKF -B- (SKFB.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 12.910 and 11.940, and is currently supporting at 13.285.
Stock Trading Conclusion:
SKF -B- (SKFB.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 : 13.72, 13.99, 14.18, 14.43.
Stock Support levels : 13.64, 13.59, 13.55, 13.53, 13.48, 13.45, 13.43, 13.42, 13.29, 13.28, 13.28,.