Stock Technical indicators to notice in SQS N (SQS.SG)
1- Last bullish trend was from 6.36 $ (3/3/2014) to 6.61 $ (3/6/2014) a 0.25 $ move 2- The current bearish trend started from 6.61 $ at 3/6/2014 and is currently trading at 6.15 $.
4- Bullish Divergance in MACD Indicator .
SQS N (SQS.SG) Short term stock chart patterns for internet stock trading :
5- The Stock formed a 0.840 $ height triangle which was broken down at 6.340, target of the pattern is 5.500.
SQS N (SQS.SG) Mid term stock chart patterns for internet stock trading :
SQS N (SQS.SG) Long term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 4.870 and 3.560,resistance between 5.620 and 4.020 which was broken down at 6.690.
Stock Trading Conclusion:
SQS N (SQS.SG) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 6.26, 6.33, 6.38, 6.43, 6.46, 6.61, 6.89.
Stock Support levels : 5.50.