Stock Technical indicators to notice in AT and T (SOBA.SG)
1- Last bullish trend was from 24.35 $ (1/14/2014) to 25.09 $ (1/17/2014) a 0.74 $ move 2- The current bearish trend started from 25.09 $ at 1/17/2014 and is currently trading at 23.43 $.
AT and T (SOBA.SG) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 1.080 $ height triangle which was broken down at 24.220, target of the pattern is 23.140.
AT and T (SOBA.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 26.620 and 26.910, and is currently resisting at 26.306.
AT and T (SOBA.SG) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 5.120 $ height triangle which was broken down at 23.750 in higher than usual volume, target of the pattern is 18.630.
Stock Trading Conclusion:
AT and T (SOBA.SG) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 23.82, 24.06, 24.26, 24.46, 24.46, 24.60, 25.09, 26.31.
Stock Support levels : 23.14,.