Stock Technical indicators to notice in SANOFI-AVENTIS (SNW.SG)
1- Last bearish trend was from 74.15 $ (1/30/2014) to 69.75 $ (2/6/2014) a 4.40 $ move 2- The current bullish trend started from 69.75 $ at 2/6/2014 and is currently trading at 75.78 $.
4- SNW.SG current resistance level is at 76.87 which is the 161.80 % fibonacci retracement of the last 4.40 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SANOFI-AVENTIS (SNW.SG) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 69.750 and 71.360,resistance between 74.150 and 75.750 which was broken up at 72.220 in higher than usual volume.
SANOFI-AVENTIS (SNW.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 76.790 and 80.190 that was broken up at 73.990 transforming into a supporting line.
SANOFI-AVENTIS (SNW.SG) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 22.200 $ height triangle which was broken down at 75.710 in higher than usual volume, target of the pattern is 53.510.
Stock Trading Conclusion:
SANOFI-AVENTIS (SNW.SG) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 76.87, 77.97.
Stock Support levels : 75.35, 74.36, 74.15, 73.48, 72.76, 72.47, 72.29, 72.05, 71.95, 71.43, 70.79, 69.75, 66.95,.