Stock Technical indicators to notice in Silver Bear Resources Inc. (SBR.TO)
1- Last bullish trend was from 0.52 $ (5/1/2012) to 0.55 $ (5/2/2012) a 0.03 $ move 2- The current bearish trend started from 0.55 $ at 5/2/2012 and is currently trading at 0.48 $.
Silver Bear Resources Inc. (SBR.TO) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 0.550 and 0.570, and is currently resisting at 0.538.
Silver Bear Resources Inc. (SBR.TO) Mid term stock chart patterns for internet stock trading :
5- The Stock formed Double Top Pattern at 0.640 .
Silver Bear Resources Inc. (SBR.TO) Long term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.640 .
Stock Trading Conclusion:
Silver Bear Resources Inc. (SBR.TO) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 0.497, 0.507, 0.515, 0.523, 0.538, 0.550, 0.640,.
Stock Support levels :.
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