Stock Technical indicators to notice in SAVARIA CORP COM NPV (SIS.TO)
1- Last bearish trend was from 1.41 $ (4/24/2012) to 1.35 $ (4/26/2012) a 0.06 $ move 2- The current bullish trend started from 1.35 $ at 4/26/2012 and is currently trading at 1.38 $.
4- SIS.TO current resistance level is at 1.39 which is the 61.80 % fibonacci retracement of the last 0.06 $ 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.
SAVARIA CORP COM NPV (SIS.TO) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.410 and 1.530 that was broken up at 1.400 transforming into a supporting line.
SAVARIA CORP COM NPV (SIS.TO) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.320 and 1.300 that was broken down at 1.380 transforming into a resistance line.
SAVARIA CORP COM NPV (SIS.TO) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 1.300 and 1.220 that was broken down at 1.410 transforming into a resistance line.
Stock Trading Conclusion:
SAVARIA CORP COM NPV (SIS.TO) was trading in a strong bullish 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 : 1.38, 1.39, 1.41, 1.43, 1.45, 1.51.
Stock Support levels : 1.37, 1.37, 1.37, 1.36, 1.36, 1.35,.
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