Stock Technical indicators to notice in JINSHAN GOLD MINES (JI3.BE)
1- Last bullish trend was from 3.75 $ (4/5/2011) to 3.89 $ (4/6/2011) a 0.14 $ move 2- The current bearish trend started from 3.89 $ at 4/6/2011 and is currently trading at 3.74 $.
4- JI3.BE current resistance level is at 3.75 which is the 100.00 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
JINSHAN GOLD MINES (JI3.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 3.750 that failed and formed a resistance.
7- The Stock was resisted by a resistance line, identified by two points: 3.890 and 3.910, and is currently resisting at 3.870.
JINSHAN GOLD MINES (JI3.BE) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 3.860 and 3.670 that was broken down at 3.830 transforming into a resistance line.
JINSHAN GOLD MINES (JI3.BE) Long term stock chart patterns for internet stock trading :
9- The Stock formed a 1.110 $ height triangle.
Stock Trading Conclusion:
JINSHAN GOLD MINES (JI3.BE) was trading in a 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 : 3.75, 3.78, 3.80, 3.80, 3.82, 3.82, 3.83, 3.84, 3.86, 3.87, 3.89, 4.08.
Stock Support levels : 3.71,.
