Stock Technical indicators to notice in SAMSUNG SP.GDR-144A (SSU.SG)
1- Last bearish trend was from 458.10 $ (2/11/2014) to 434.94 $ (2/20/2014) a 23.16 $ move 2- The current bullish trend started from 434.94 $ at 2/20/2014 and is currently trading at 444.43 $.
4- SSU.SG current resistance level is at 446.52 which is the 50.00 % fibonacci retracement of the last 23.16 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SAMSUNG SP.GDR-144A (SSU.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 458.100 .
7- The Stock formed a 35.580 $ height triangle which was broken down at 444.430, target of the pattern is 408.850.
SAMSUNG SP.GDR-144A (SSU.SG) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 423.370 and 410.500, and is currently supporting at 425.683.
SAMSUNG SP.GDR-144A (SSU.SG) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 525.580 and 554.770, and is currently resisting at 510.563.
Stock Trading Conclusion:
SAMSUNG SP.GDR-144A (SSU.SG) was trading in a bullish 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 : 446.52, 447.56, 449.25, 456.95, 457.55, 458.10, 464.40, 472.41, 510.56.
Stock Support levels : 443.79, 442.19, 440.80, 440.41, 439.68, 438.57, 434.94, 425.68,.