Stock Technical indicators to notice in SPARTAN STORES (SRJ.SG)
1- Last bullish trend was from 15.67 $ (2/20/2014) to 16.65 $ (3/5/2014) a 0.98 $ move 2- The current bearish trend started from 16.65 $ at 3/5/2014 and is currently trading at 16.04 $.
4- SRJ.SG current resistance level is at 16.04 which is the 61.80 % fibonacci retracement of the last 0.98 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SPARTAN STORES (SRJ.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 15.670 and 15.580, and is currently supporting at 15.824.
SPARTAN STORES (SRJ.SG) Mid term stock chart patterns for internet stock trading :
SPARTAN STORES (SRJ.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 14.590 and 11.940 that was broken down at 17.280 transforming into a resistance line.
Stock Trading Conclusion:
SPARTAN STORES (SRJ.SG) was trading in a 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 : 16.04, 16.16, 16.18, 16.27, 16.28, 16.35, 16.42, 16.42, 16.65, 20.95.
Stock Support levels : 15.82, 15.67, 15.40,.