Stock Technical indicators to notice in SM WIRTSCHAFTSBERAT (SMW.SG)
1- Last bearish trend was from 4.55 $ (8/14/2012) to 4.30 $ (8/29/2012) a 0.25 $ move 2- The current bullish trend started from 4.30 $ at 8/29/2012 and is currently trading at 4.90 $.
SM WIRTSCHAFTSBERAT (SMW.SG) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bearish stock channel identifed by support at 4.300 and 4.400,resistance between 4.550 and 4.670 which was broken up at 4.410.
SM WIRTSCHAFTSBERAT (SMW.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 4.300 and 4.200, and is currently supporting at 4.398.
SM WIRTSCHAFTSBERAT (SMW.SG) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 0.700 $ height triangle which was broken up at 4.900 in higher than usual volume, target of the pattern is 5.600.
Stock Trading Conclusion:
SM WIRTSCHAFTSBERAT (SMW.SG) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 5.60.
Stock Support levels : 4.76, 4.70, 4.67, 4.60, 4.53, 4.40, 4.30,.
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