Stock Technical indicators to notice in FUFENG GROUP (FFO.F)
1- Last bullish trend was from 0.64 $ (12/20/2010) to 0.66 $ (12/27/2010) a 0.02 $ move 2- The current bearish trend started from 0.66 $ at 12/27/2010 and is currently trading at 0.64 $.
4- FFO.F current resistance level is at 0.64 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
FUFENG GROUP (FFO.F) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.640 .
7- The Stock formed a 0.050 $ height triangle.
FUFENG GROUP (FFO.F) Mid term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 0.640 and 0.690,resistance between 0.690 and 0.750, the stock channel is currently supported from below by 0.586 and resisted from above by 0.644.
FUFENG GROUP (FFO.F) Long term stock chart patterns for internet stock trading :
9- The Stock traded in a bullish stock channel identifed by support at 0.490 and 0.370,resistance between 0.750 and 0.540 which was broken down at 0.710.
Stock Trading Conclusion:
FUFENG GROUP (FFO.F) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 0.645, 0.648, 0.650, 0.652, 0.655, 0.660, 0.750, 0.819.
Stock Support levels : 0.635,.