Stock Technical indicators to notice in SPRINT NEXTEL-1 (SRN.SG)
1- Last bearish trend was from 5.58 $ (6/17/2013) to 5.18 $ (6/26/2013) a 0.40 $ move 2- The current bullish trend started from 5.18 $ at 6/26/2013 and is currently trading at 5.53 $.
4- SRN.SG current resistance level is at 5.58 which is the 100.00 % fibonacci retracement of the last 0.40 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
SPRINT NEXTEL-1 (SRN.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 5.580 and 5.710 that was broken up at 5.510 transforming into a supporting line.
SPRINT NEXTEL-1 (SRN.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 5.180 and 4.110,resistance between 5.710 and 4.530, the stock channel is currently supported from below by 5.295 and resisted from above by 6.153.
SPRINT NEXTEL-1 (SRN.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 4.110 and 3.990, and is currently supporting at 4.594.
Stock Trading Conclusion:
SPRINT NEXTEL-1 (SRN.SG) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 5.58, 5.69, 5.83.
Stock Support levels : 5.45, 5.45, 5.43, 5.40, 5.38, 5.36, 5.33, 5.31, 5.27, 5.18,.