Stock Technical indicators to notice in SINGULUS TECHNOLOGI (SNG.SG)
1- Last bullish trend was from 2.52 $ (3/3/2014) to 2.66 $ (3/6/2014) a 0.14 $ move 2- The current bearish trend started from 2.66 $ at 3/6/2014 and is currently trading at 2.58 $.
4- SNG.SG current resistance level is at 2.59 which is the 50.00 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,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.
6- Bullish Divergance in MACD Indicator .
SINGULUS TECHNOLOGI (SNG.SG) Short term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 2.660 and 2.810, and is currently resisting at 2.627.
SINGULUS TECHNOLOGI (SNG.SG) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 2.140 and 2.050, and is currently supporting at 2.233.
SINGULUS TECHNOLOGI (SNG.SG) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 2.140 and 2.040, and is currently supporting at 2.226.
Stock Trading Conclusion:
SINGULUS TECHNOLOGI (SNG.SG) was trading in a strong bearish 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 : 2.59, 2.60, 2.61, 2.61, 2.62, 2.63, 2.63, 2.63, 2.66,.
Stock Support levels : 2.57, 2.52, 2.48, 2.43, 2.23,.