Stock Technical indicators to notice in SPOLANA (SLA.SG)
1- Last bearish trend was from 15.00 $ (11/19/2008) to 5.52 $ (12/16/2008) a 9.48 $ move 2- The current bullish trend started from 5.52 $ at 12/16/2008 and is currently trading at 5.59 $.
4- SLA.SG current resistance level is at 7.76 which is the 23.60 % fibonacci retracement of the last 9.48 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SPOLANA (SLA.SG) Short term stock chart patterns for internet stock trading :
SPOLANA (SLA.SG) Mid term stock chart patterns for internet stock trading :
SPOLANA (SLA.SG) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 5.560 and 5.150 that was broken down at 5.830 transforming into a resistance line.
Stock Trading Conclusion:
SPOLANA (SLA.SG) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 6.06, 7.76, 9.14, 10.26, 11.38, 15.00, 17.58, 20.86.
Stock Support levels : 5.57, 5.56, 5.56, 5.55, 5.52,.
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