Stock Technical indicators to notice in TOYO TIR and RUB (TYR.SG)
1- Last bullish trend was from 1.93 $ (4/10/2012) to 2.05 $ (5/2/2012) a 0.12 $ move 2- The current bearish trend started from 2.05 $ at 5/2/2012 and is currently trading at 1.98 $.
4- TYR.SG current resistance level is at 1.99 which is the 50.00 % fibonacci retracement of the last 0.12 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
TOYO TIR and RUB (TYR.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 2.050 and 2.200, and is currently resisting at 2.036.
TOYO TIR and RUB (TYR.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.930 and 1.670 that was broken down at 1.980 transforming into a resistance line.
TOYO TIR and RUB (TYR.SG) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
TOYO TIR and RUB (TYR.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 : 1.98, 1.99, 2.00, 2.00, 2.01, 2.01, 2.02, 2.02, 2.04, 2.05,.
Stock Support levels : 1.98, 1.93, 1.90,.
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