Stock Technical indicators to notice in TEAK HOLZ INT. (T2Z.SG)
1- Last bullish trend was from 3.69 $ (4/20/2012) to 3.91 $ (4/27/2012) a 0.22 $ move 2- The current bearish trend started from 3.91 $ at 4/27/2012 and is currently trading at 3.77 $.
4- T2Z.SG current resistance level is at 3.77 which is the 61.80 % fibonacci retracement of the last 0.22 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
TEAK HOLZ INT. (T2Z.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.340 $ height triangle.
TEAK HOLZ INT. (T2Z.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 4.000 .
8- The Stock formed a 0.860 $ height triangle which was broken down at 3.700, target of the pattern is 2.840.
TEAK HOLZ INT. (T2Z.SG) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 3.720 and 4.980 that was broken up at 3.240 transforming into a supporting line.
Stock Trading Conclusion:
TEAK HOLZ INT. (T2Z.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 : 3.77, 3.80, 3.80, 3.82, 3.83, 3.84, 3.86, 3.86, 3.91, 4.00, 4.16.
Stock Support levels : 3.69, 3.63, 3.55, 2.84,.
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