Stock Technical indicators to notice in SARTORIUS (SRT.SG)
1- Last bearish trend was from 100.51 $ (1/28/2014) to 92.01 $ (2/14/2014) a 8.50 $ move 2- The current bullish trend started from 92.01 $ at 2/14/2014 and is currently trading at 93.14 $.
4- SRT.SG current resistance level is at 94.02 which is the 23.60 % fibonacci retracement of the last 8.50 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SARTORIUS (SRT.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 92.010 and 79.610 that was broken down at 93.670 transforming into a resistance line.
SARTORIUS (SRT.SG) Mid term stock chart patterns for internet stock trading :
SARTORIUS (SRT.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 75.010 and 64.380, and is currently supporting at 82.351.
Stock Trading Conclusion:
SARTORIUS (SRT.SG) was trading in a bearish 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 : 94.02, 94.69, 95.26, 96.26, 97.26, 100.51, 102.82, 105.76.
Stock Support levels : 92.87, 92.71, 92.57, 92.44, 92.01,.