Stock Technical indicators to notice in SCHMOLZ + BICKEN N (SSN.SG)
1- Last bearish trend was from 1.05 $ (2/28/2014) to 1.00 $ (3/5/2014) a 0.05 $ move 2- The current bullish trend started from 1.00 $ at 3/5/2014 and is currently trading at 1.09 $.
SCHMOLZ + BICKEN N (SSN.SG) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bullish stock channel identifed by support at 1.000 and 0.940,resistance between 1.050 and 0.970 which was broken up at 1.090 in higher than usual volume.
SCHMOLZ + BICKEN N (SSN.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 0.940 and 0.890, and is currently supporting at 0.969.
SCHMOLZ + BICKEN N (SSN.SG) Long term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.890 .
7- The Stock formed a 0.160 $ height triangle which was broken up at 0.940, target of the pattern is 1.100.
Stock Trading Conclusion:
SCHMOLZ + BICKEN N (SSN.SG) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 1.10.
Stock Support levels : 1.07, 1.07, 1.06, 1.04, 1.03, 1.00, 0.97, 0.94, 0.89,.