Stock Technical indicators to notice in SEAGATE TECHNOLOGY (SKH.SG)
1- Last bullish trend was from 11.88 $ (6/8/2010) to 12.67 $ (6/16/2010) a 0.79 $ move 2- The current bearish trend started from 12.67 $ at 6/16/2010 and is currently trading at 10.40 $.
SEAGATE TECHNOLOGY (SKH.SG) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 12.670 and 12.830, and is currently resisting at 12.439.
SEAGATE TECHNOLOGY (SKH.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock traded in a bearish stock channel identifed by support at 11.880 and 13.860,resistance between 12.670 and 14.730 which was broken down at 10.500 in higher than usual volume.
SEAGATE TECHNOLOGY (SKH.SG) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
SEAGATE TECHNOLOGY (SKH.SG) was trading in a strong 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 : 10.49, 10.94, 11.27, 11.53, 11.80, 12.44, 12.67.
Stock Support levels :.