Stock Technical indicators to notice in Synergex Corporation (SYX.TO)
1- Last bullish trend was from 0.27 $ (6/2/2010) to 0.30 $ (6/7/2010) a 0.03 $ move 2- The current bearish trend started from 0.30 $ at 6/7/2010 and is currently trading at 0.25 $.
Synergex Corporation (SYX.TO) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bearish stock channel identifed by support at 0.270 and 0.420,resistance between 0.300 and 0.450 which was broken up at 0.250.
Synergex Corporation (SYX.TO) Mid term stock chart patterns for internet stock trading :
5- The Stock traded in a bearish stock channel identifed by support at 0.270 and 0.420,resistance between 0.300 and 0.450 which was broken up at 0.250.
Synergex Corporation (SYX.TO) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.300 and 0.450 that was broken up at 0.250 transforming into a supporting line.
Stock Trading Conclusion:
Synergex Corporation (SYX.TO) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.262, 0.269, 0.275, 0.281, 0.300.
Stock Support levels : -0.262,.
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