Stock Technical indicators to notice in SAMSUNG SP GDR REGS (SSUN.SG)
1- Last bearish trend was from 364.69 $ (12/26/2013) to 316.00 $ (1/31/2014) a 48.69 $ move 2- The current bullish trend started from 316.00 $ at 1/31/2014 and is currently trading at 357.01 $.
4- SSUN.SG current resistance level is at 364.69 which is the 100.00 % fibonacci retracement of the last 48.69 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SAMSUNG SP GDR REGS (SSUN.SG) Short term stock chart patterns for internet stock trading :
SAMSUNG SP GDR REGS (SSUN.SG) Mid term stock chart patterns for internet stock trading :
SAMSUNG SP GDR REGS (SSUN.SG) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 316.000 and 267.500, and is currently supporting at 326.008.
Stock Trading Conclusion:
SAMSUNG SP GDR REGS (SSUN.SG) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 364.69, 377.93, 394.78.
Stock Support levels : 347.33, 346.09, 341.34, 340.35, 336.51, 334.60, 331.67, 327.49, 326.01, 316.00,.