Stock Technical indicators to notice in SECURE COMPUTING (SRC.SG)
1- Last bearish trend was from 4.37 $ (10/27/2008) to 4.12 $ (10/30/2008) a 0.25 $ move 2- The current bullish trend started from 4.12 $ at 10/30/2008 and is currently trading at 4.51 $.
4- SRC.SG current resistance level is at 4.52 which is the 161.80 % fibonacci retracement of the last 0.25 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SECURE COMPUTING (SRC.SG) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 4.120 and 3.770,resistance between 4.370 and 4.020, the stock channel is currently supported from below by 4.470 and resisted from above by 4.795.
SECURE COMPUTING (SRC.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 3.770 and 2.580 that was broken down at 4.090 transforming into a resistance line.
SECURE COMPUTING (SRC.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 3.070 and 3.110 that was broken up at 3.070 transforming into a supporting line.
Stock Trading Conclusion:
SECURE COMPUTING (SRC.SG) was trading in a strong bullish wave, which is becoming weaker .
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 : 4.52, 5.73.
Stock Support levels : 4.44, 4.42, 4.37, 4.36, 4.32, 4.27, 4.27, 4.24, 4.22, 4.18, 4.12,.