Stock Technical indicators to notice in SONY (SON1.SG)
1- Last bearish trend was from 13.32 $ (1/9/2014) to 11.32 $ (2/4/2014) a 2.00 $ move 2- The current bullish trend started from 11.32 $ at 2/4/2014 and is currently trading at 12.88 $.
4- SON1.SG current resistance level is at 13.32 which is the 100.00 % fibonacci retracement of the last 2.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SONY (SON1.SG) Short term stock chart patterns for internet stock trading :
SONY (SON1.SG) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 13.320 and 14.050 that was broken up at 12.590 transforming into a supporting line.
SONY (SON1.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 14.050 and 16.280 that was broken up at 12.280 transforming into a supporting line.
Stock Trading Conclusion:
SONY (SON1.SG) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 13.32, 13.86, 14.56.
Stock Support levels : 12.56, 12.51, 12.48, 12.32, 12.28, 12.10, 12.08, 11.92, 11.79, 11.32,.