Stock Technical indicators to notice in SEKISUI HOUSE (SPH1.SG)
1- Last bearish trend was from 11.00 $ (1/23/2014) to 8.98 $ (3/4/2014) a 2.02 $ move 2- The current bullish trend started from 8.98 $ at 3/4/2014 and is currently trading at 9.39 $.
4- SPH1.SG current resistance level is at 9.46 which is the 23.60 % fibonacci retracement of the last 2.02 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
SEKISUI HOUSE (SPH1.SG) Short term stock chart patterns for internet stock trading :
SEKISUI HOUSE (SPH1.SG) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 9.600 and 9.200 that was broken down at 9.720 transforming into a resistance line.
SEKISUI HOUSE (SPH1.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 11.000 and 11.300, and is currently resisting at 10.933.
Stock Trading Conclusion:
SEKISUI HOUSE (SPH1.SG) was trading in a strong bearish wave, which is becoming weaker .
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 : 9.46, 9.75, 9.99, 10.14, 10.23, 10.93, 11.00, 11.55, 12.25.
Stock Support levels : 9.29, 9.23, 9.18, 9.14, 8.98,.