Stock Technical indicators to notice in SIDENOR (SNR.SG)
1- Last bullish trend was from 8.50 $ (7/9/2008) to 9.00 $ (7/15/2008) a 0.50 $ move 2- The current bearish trend started from 9.00 $ at 7/15/2008 and is currently trading at 8.54 $.
4- SNR.SG current resistance level is at 8.69 which is the 61.80 % fibonacci retracement of the last 0.50 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SIDENOR (SNR.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 9.000 and 9.110, and is currently resisting at 8.967.
SIDENOR (SNR.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 9.720 and 11.310 that was broken up at 9.110 transforming into a supporting line.
SIDENOR (SNR.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 10.100 and 7.260 that was broken down at 11.080 transforming into a resistance line.
Stock Trading Conclusion:
SIDENOR (SNR.SG) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 8.65, 8.69, 8.72, 8.75, 8.77, 8.81, 8.82, 8.88, 8.97, 9.00, 20.12.
Stock Support levels : 8.50, 8.36, 8.19,.