Stock Technical indicators to notice in SANDISK (SSK.SG)
1- Last bullish trend was from 53.02 $ (3/3/2014) to 55.59 $ (3/6/2014) a 2.57 $ move 2- The current bearish trend started from 55.59 $ at 3/6/2014 and is currently trading at 53.10 $.
4- SSK.SG current resistance level is at 54.00 which is the 61.80 % fibonacci retracement of the last 2.57 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SANDISK (SSK.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 55.590 .
7- The Stock formed a 6.080 $ height triangle which was broken down at 53.100, target of the pattern is 47.020.
SANDISK (SSK.SG) Mid term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 49.710 and 47.390,resistance between 54.450 and 51.780, the stock channel is currently supported from below by 51.257 and resisted from above by 56.527.
SANDISK (SSK.SG) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 40.100 and 38.800, and is currently supporting at 42.220.
Stock Trading Conclusion:
SANDISK (SSK.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 : 53.69, 53.89, 54.00, 54.05, 54.31, 54.35, 54.61, 54.64, 54.98, 55.51, 55.59,.
Stock Support levels : 53.02, 52.32, 51.43, 47.02,.
|SCHMOLZ + BICKEN N|
|SAMSUNG SP GDR REGS|