Stock Technical indicators to notice in SHARP CORP OSAKA (SRP.SG)
1- Last bullish trend was from 2.20 $ (3/3/2014) to 2.27 $ (3/7/2014) a 0.07 $ move 2- The current bearish trend started from 2.27 $ at 3/7/2014 and is currently trading at 2.20 $.
4- SRP.SG current resistance level is at 2.20 which is the 100.00 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SHARP CORP OSAKA (SRP.SG) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 2.200 and 2.270,resistance between 2.270 and 2.360, the stock channel is currently supported from below by 2.150 and resisted from above by 2.259.
SHARP CORP OSAKA (SRP.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 2.210 that failed and formed a resistance.
8- The Stock formed Double Top Pattern at 2.360 .
SHARP CORP OSAKA (SRP.SG) Long term stock chart patterns for internet stock trading :
9- The Stock formed a 0.470 $ height triangle which was broken down at 2.340, target of the pattern is 1.870.
Stock Trading Conclusion:
SHARP CORP OSAKA (SRP.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 : 2.22, 2.23, 2.24, 2.24, 2.25, 2.27, 2.35, 2.63.
Stock Support levels : 2.18, 2.16,.