Stock Technical indicators to notice in SEDLM.SPATEN BR.BET (SPB.SG)
1- Last bearish trend was from 1,420.00 $ (1/23/2013) to 1,350.00 $ (7/15/2013) a 70.00 $ move 2- The current bullish trend started from 1,350.00 $ at 7/15/2013 and is currently trading at 1,458.00 $.
4- SPB.SG current resistance level is at 1,463.26 which is the 161.80 % fibonacci retracement of the last 70.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SEDLM.SPATEN BR.BET (SPB.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1,420.000 and 1,435.000 that was broken up at 1,390.000 transforming into a supporting line.
SEDLM.SPATEN BR.BET (SPB.SG) Mid term stock chart patterns for internet stock trading :
SEDLM.SPATEN BR.BET (SPB.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1,259.000 and 1,203.000 that was broken down at 1,435.000 transforming into a resistance line.
Stock Trading Conclusion:
SEDLM.SPATEN BR.BET (SPB.SG) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 1,463.26, 1,613.51.
Stock Support levels : 1,439.04, 1,432.51, 1,420.00, 1,416.74, 1,404.00, 1,393.26, 1,391.26, 1,385.00, 1,376.74, 1,366.52, 1,350.00,.