Stock Technical indicators to notice in AMERICAN DAIRY (4AD.BE)
1- Last bullish trend was from 6.07 $ (3/15/2011) to 6.78 $ (3/23/2011) a 0.71 $ move 2- The current bearish trend started from 6.78 $ at 3/23/2011 and is currently trading at 4.65 $.
AMERICAN DAIRY (4AD.BE) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 6.070 and 5.880 that was broken down at 6.200 transforming into a resistance line.
AMERICAN DAIRY (4AD.BE) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 6.070 and 5.670 that was broken down at 6.200 transforming into a resistance line.
AMERICAN DAIRY (4AD.BE) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 6.070 and 5.670 that was broken down at 6.200 transforming into a resistance line.
Stock Trading Conclusion:
AMERICAN DAIRY (4AD.BE) was trading in a strong 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 : 5.15, 5.46, 5.72, 5.97, 6.45, 6.52, 6.78.
Stock Support levels :.
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