Stock Technical indicators to notice in SOLARPRAXIS (SPA.SG)
1- Last bearish trend was from 0.55 $ (2/13/2014) to 0.42 $ (3/5/2014) a 0.13 $ move 2- The current bullish trend started from 0.42 $ at 3/5/2014 and is currently trading at 0.44 $.
4- SPA.SG current resistance level is at 0.45 which is the 23.60 % fibonacci retracement of the last 0.13 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SOLARPRAXIS (SPA.SG) Short term stock chart patterns for internet stock trading :
SOLARPRAXIS (SPA.SG) Mid term stock chart patterns for internet stock trading :
SOLARPRAXIS (SPA.SG) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.550 and 0.680 that was broken up at 0.440 transforming into a supporting line.
Stock Trading Conclusion:
SOLARPRAXIS (SPA.SG) was trading in a bearish 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 : 0.451, 0.470, 0.485, 0.500, 0.550, 0.585, 0.630.
Stock Support levels : 0.435, 0.432, 0.430, 0.429, 0.428, 0.420,.