Stock Technical indicators to notice in SINGAPORE EXCHANGE (SOU.SG)
1- Last bullish trend was from 3.82 $ (2/10/2014) to 3.94 $ (2/27/2014) a 0.12 $ move 2- The current bearish trend started from 3.94 $ at 2/27/2014 and is currently trading at 3.82 $.
4- SOU.SG current resistance level is at 3.82 which is the 100.00 % fibonacci retracement of the last 0.12 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
6- Bullish Divergance in MACD Indicator .
SINGAPORE EXCHANGE (SOU.SG) Short term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 3.940 and 4.110, and is currently resisting at 3.909.
SINGAPORE EXCHANGE (SOU.SG) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 4.310 .
SINGAPORE EXCHANGE (SOU.SG) Long term stock chart patterns for internet stock trading :
9- The Stock formed Double Top Pattern at 4.310 .
Stock Trading Conclusion:
SINGAPORE EXCHANGE (SOU.SG) was trading in a bearish wave, which is becoming stronger .
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 : 3.85, 3.87, 3.88, 3.89, 3.91, 3.91, 3.94, 4.32,.
Stock Support levels : 3.79,.