Second Life Trading Technical Analysis
As we get further into the holiday season, trading in Second Life to continue to slow. Maelstrom Baphomet started off his most recent post noting that “There's not much to say about the market this part of the year as it tends to get slow and sluggish as not to many people bother with their investments or tracking the market around the holidays…”
A brief glance at the exchanges seems to bear this up, with the exception of Monkey Canning buying 100,000 shares of AVC yesterday. With less players in the market, there could be some good trading opportunities in the event that a stray seller comes by when there aren’t a lot of buyers. So, I thought it would be interesting to look at some of the technical data for various stocks.
BDVR, BNT, BMG, DFC, MED, QCL, and VHI all saw their support levels drop. WJUV, DCTY, LCA, SLCX, AVC, IBF, and SBP all saw widening as both their support levels dropped and their resistance levels increased. ESN, BHE and fifteen stocks on SlCapEx all saw their resistances levels climb.
While it is hard to tell how much of this is because of fundamental changes, and how much is because traders aren’t paying close attention right now, my guess is that a lot of the drop in the support level for several of the stocks, especially those that saw their resistance level increase at the same time, is because buyers and sellers are doing other things for the holiday season, and this may present some good trading opportunities.