Stock Technical indicators to notice in SANACORP PHAHOLD VZ (SNC3.SG)
1- Last bullish trend was from 17.00 $ (10/1/2013) to 20.25 $ (2/13/2014) a 3.25 $ move 2- The current bearish trend started from 20.25 $ at 2/13/2014 and is currently trading at 19.55 $.
4- SNC3.SG current resistance level is at 20.25 which is the 0.00 % fibonacci retracement of the last 3.25 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SANACORP PHAHOLD VZ (SNC3.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 17.000 and 16.800, and is currently supporting at 17.502.
SANACORP PHAHOLD VZ (SNC3.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 15.680 and 15.820,resistance between 17.200 and 17.350 which was broken up at 17.300 in higher than usual volume.
SANACORP PHAHOLD VZ (SNC3.SG) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 4.830 $ height triangle which was broken up at 16.060, target of the pattern is 20.890.
Stock Trading Conclusion:
SANACORP PHAHOLD VZ (SNC3.SG) was trading in a strong bullish wave, which is becoming weaker .
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 : 19.72, 19.82, 19.90, 19.98, 20.25, 20.89.
Stock Support levels : 19.48, 19.01, 18.63, 18.24, 17.50, 17.00, 16.81, 16.12, 14.99,.