Stock Technical indicators to notice in SCANIA -A- (SNAA.SG)
1- Last bullish trend was from 12.36 $ (2/20/2014) to 18.37 $ (2/28/2014) a 6.01 $ move 2- The current bearish trend started from 18.37 $ at 2/28/2014 and is currently trading at 17.72 $.
4- SNAA.SG current resistance level is at 18.37 which is the 0.00 % fibonacci retracement of the last 6.01 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SCANIA -A- (SNAA.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 12.360 .
SCANIA -A- (SNAA.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 10.690 and 11.550 that was broken up at 9.800 transforming into a supporting line.
SCANIA -A- (SNAA.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 11.550 and 11.940 that was broken up at 11.830 transforming into a supporting line.
Stock Trading Conclusion:
SCANIA -A- (SNAA.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 : 17.87, 17.97, 18.05, 18.12, 18.37,.
Stock Support levels : 16.95, 16.07, 15.36, 14.66, 12.36, 10.73, 10.51, 8.65,.