Stock Technical indicators to notice in THE SWATCH GRP N (UHRN.SG)
1- Last bearish trend was from 60.92 $ (4/12/2012) to 57.92 $ (4/23/2012) a 3.00 $ move 2- The current bullish trend started from 57.92 $ at 4/23/2012 and is currently trading at 59.99 $.
4- UHRN.SG current resistance level is at 60.92 which is the 100.00 % fibonacci retracement of the last 3.00 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
THE SWATCH GRP N (UHRN.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 60.920 and 63.040 that was broken up at 59.960 transforming into a supporting line.
THE SWATCH GRP N (UHRN.SG) Mid term stock chart patterns for internet stock trading :
None.
THE SWATCH GRP N (UHRN.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 46.650 and 43.830, and is currently supporting at 51.663.
Stock Trading Conclusion:
THE SWATCH GRP N (UHRN.SG) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 60.92, 61.74, 62.77.
Stock Support levels : 59.77, 59.50, 59.42, 59.20, 59.07, 58.96, 58.80, 58.71, 58.63, 57.92,.