Stock Technical indicators to notice in SCANIA -B- (SNAB.SG)
1- Last bearish trend was from 18.00 $ (2/25/2014) to 17.40 $ (2/26/2014) a 0.60 $ move 2- The current bullish trend started from 17.40 $ at 2/26/2014 and is currently trading at 17.55 $.
4- SNAB.SG current resistance level is at 17.63 which is the 38.20 % fibonacci retracement of the last 0.60 $ 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 -B- (SNAB.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 17.400 and 10.500 that was broken down at 17.470 transforming into a resistance line.
SCANIA -B- (SNAB.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 12.320 and 12.650 that was broken up at 11.930 transforming into a supporting line.
SCANIA -B- (SNAB.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 12.320 and 12.650 that was broken up at 11.930 transforming into a supporting line.
Stock Trading Conclusion:
SCANIA -B- (SNAB.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 : 17.63, 17.70, 17.77, 18.00, 18.16, 18.37, 20.31.
Stock Support levels : 17.54, 17.51, 17.49, 17.47, 17.46, 17.40, 11.44,.