Stock Technical indicators to notice in SAN ANTON RESOURCE CORP (SNN)
1- Last bullish trend was from 47.50 $ (4/13/2012) to 50.88 $ (5/3/2012) a 3.38 $ move 2- The current bearish trend started from 50.88 $ at 5/3/2012 and is currently trading at 47.12 $.
4- SNN current resistance level is at 47.50 which is the 100.00 % fibonacci retracement of the last 3.38 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SAN ANTON RESOURCE CORP (SNN) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 47.500 that failed and formed a resistance.
7- The Stock formed Double Top Pattern at 50.880 .
8- The Stock formed a 3.330 $ height triangle which was broken down at 47.420, target of the pattern is 44.090.
SAN ANTON RESOURCE CORP (SNN) Mid term stock chart patterns for internet stock trading :
9- The Stock formed Double Bottom Pattern at 47.500 that failed and formed a resistance.
10- The Stock formed Double Top Pattern at 50.880 .
11- The Stock formed a 3.330 $ height triangle which was broken down at 47.420, target of the pattern is 44.090.
SAN ANTON RESOURCE CORP (SNN) Long term stock chart patterns for internet stock trading :
12- The Stock formed a 18.250 $ height triangle which was broken up at 45.670 in higher than usual volume, target of the pattern is 63.920.
Stock Trading Conclusion:
SAN ANTON RESOURCE CORP (SNN) was trading in a bearish wave, which is becoming stronger .
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 : 47.50, 47.64, 48.01, 48.56, 48.79, 49.00, 49.19, 49.44, 49.59, 50.08, 50.70, 50.72, 50.88, 50.97, 63.92.
Stock Support levels : 46.58, 45.41, 44.09,.
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