Stock Technical indicators to notice in SALAZAR RESOURCES (SRLZF.SG)
1- Last bullish trend was from 0.77 $ (3/2/2011) to 0.81 $ (3/3/2011) a 0.04 $ move 2- The current bearish trend started from 0.81 $ at 3/3/2011 and is currently trading at 0.69 $.
SALAZAR RESOURCES (SRLZF.SG) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 0.810 and 0.900, and is currently resisting at 0.768.
SALAZAR RESOURCES (SRLZF.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock formed Double Top Pattern at 0.900 .
6- The Stock formed a 0.220 $ height triangle which was broken down at 0.870 in higher than usual volume, target of the pattern is 0.650.
SALAZAR RESOURCES (SRLZF.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.900 and 0.940, and is currently resisting at 0.875.
Stock Trading Conclusion:
SALAZAR RESOURCES (SRLZF.SG) was trading in a strong bullish 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 : 0.718, 0.736, 0.750, 0.764, 0.768, 0.810, 0.875, 0.900, 1.260.
Stock Support levels : 0.650.