Stock Technical indicators to notice in SYNERGON (SRRA.SG)
1- Last bullish trend was from 0.89 $ (1/9/2014) to 0.94 $ (1/20/2014) a 0.05 $ move 2- The current bearish trend started from 0.94 $ at 1/20/2014 and is currently trading at 0.66 $.
SYNERGON (SRRA.SG) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 0.130 $ height triangle which was broken down at 0.900, target of the pattern is 0.770.
SYNERGON (SRRA.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 0.870 and 0.800 that was broken down at 0.920 transforming into a resistance line.
SYNERGON (SRRA.SG) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.000 and 1.130, and is currently resisting at 0.894.
Stock Trading Conclusion:
SYNERGON (SRRA.SG) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.726, 0.767, 0.800, 0.833, 0.894, 0.940, 0.964, 1.035.
Stock Support levels :.