Stock Technical indicators to notice in SAIPEM (SPE.SG)
1- Last bearish trend was from 17.48 $ (1/31/2014) to 15.88 $ (2/12/2014) a 1.60 $ move 2- The current bullish trend started from 15.88 $ at 2/12/2014 and is currently trading at 17.17 $.
4- SPE.SG current resistance level is at 17.48 which is the 100.00 % fibonacci retracement of the last 1.60 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
6- Bearish Divergance in MACD Indicator .
SAIPEM (SPE.SG) Short term stock chart patterns for internet stock trading :
SAIPEM (SPE.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 3.530 $ height triangle which was broken up at 17.170, target of the pattern is 20.700.
SAIPEM (SPE.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 17.480 and 18.440 that was broken up at 17.170 transforming into a supporting line.
Stock Trading Conclusion:
SAIPEM (SPE.SG) was trading in a bullish wave, which is becoming stronger .
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 : 17.48, 17.92, 18.47, 20.70.
Stock Support levels : 17.07, 16.87, 16.87, 16.68, 16.68, 16.52, 16.49, 16.37, 16.26, 15.88,.