Stock Technical indicators to notice in SABAF (SM5.SG)
1- Last bearish trend was from 13.25 $ (3/3/2014) to 12.65 $ (3/4/2014) a 0.60 $ move 2- The current bullish trend started from 12.65 $ at 3/4/2014 and is currently trading at 13.67 $.
SABAF (SM5.SG) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 12.650 and 12.110, and is currently supporting at 13.082.
SABAF (SM5.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock formed Double Top Pattern at 13.410 that failed, and formed a support .
6- The Stock was resisted by a resistance line, identified by two points: 13.410 and 13.470 that was broken up at 13.050 transforming into a supporting line.
SABAF (SM5.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 11.950 and 10.970, and is currently supporting at 12.148.
Stock Trading Conclusion:
SABAF (SM5.SG) was trading in a bullish wave, which is becoming stronger .
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 : .
Stock Support levels : 13.43, 13.28, 13.16, 13.08, 13.04, 12.74, 12.65,.