Stock Technical indicators to notice in CHINA SPORTS INTL (3C6A.BE)
1- Last bearish trend was from 0.08 $ (1/13/2011) to 0.04 $ (3/18/2011) a 0.04 $ move 2- The current bullish trend started from 0.04 $ at 3/18/2011 and is currently trading at 0.05 $.
4- 3C6A.BE current resistance level is at 0.06 which is the 38.20 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
CHINA SPORTS INTL (3C6A.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.080 .
CHINA SPORTS INTL (3C6A.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 0.080 .
CHINA SPORTS INTL (3C6A.BE) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.080 .
Stock Trading Conclusion:
CHINA SPORTS INTL (3C6A.BE) was trading in a strong bearish wave, which is becoming weaker .
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 : 0.055, 0.060, 0.065, 0.080, 0.091, 0.105.
Stock Support levels : 0.049, 0.048, 0.046, 0.045, 0.044, 0.040,.
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