Stock Technical indicators to notice in SCHERING-PLOUGH (SPL.SG)
1- Last bullish trend was from 18.60 $ (9/23/2009) to 19.74 $ (10/16/2009) a 1.14 $ move 2- The current bearish trend started from 19.74 $ at 10/16/2009 and is currently trading at 18.92 $.
4- SPL.SG current resistance level is at 19.04 which is the 61.80 % fibonacci retracement of the last 1.14 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SCHERING-PLOUGH (SPL.SG) Short term stock chart patterns for internet stock trading :
SCHERING-PLOUGH (SPL.SG) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 18.600 and 16.320 that was broken down at 19.420 transforming into a resistance line.
SCHERING-PLOUGH (SPL.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 16.320 and 12.830 that was broken down at 19.430 transforming into a resistance line.
Stock Trading Conclusion:
SCHERING-PLOUGH (SPL.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 : 19.04, 19.11, 19.17, 19.23, 19.30, 19.33, 19.43, 19.47, 19.54, 19.74, 21.26.
Stock Support levels : 18.60, 18.29,.