Stock Technical indicators to notice in SHUI ON CONSTR (HU8.F)
1- Last bearish trend was from 0.82 $ (4/19/2012) to 0.79 $ (4/26/2012) a 0.03 $ move 2- The current bullish trend started from 0.79 $ at 4/26/2012 and is currently trading at 0.83 $.
4- HU8.F current resistance level is at 0.84 which is the 161.80 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
SHUI ON CONSTR (HU8.F) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.060 $ height triangle which was broken up at 0.820, target of the pattern is 0.880.
SHUI ON CONSTR (HU8.F) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 0.780 and 0.620 that was broken down at 0.810 transforming into a resistance line.
SHUI ON CONSTR (HU8.F) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.560 and 0.430 that was broken down at 0.580 transforming into a resistance line.
Stock Trading Conclusion:
SHUI ON CONSTR (HU8.F) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 0.831, 0.839, 0.880, 3.309.
Stock Support levels : 0.828, 0.821, 0.820, 0.815, 0.814, 0.810, 0.809, 0.805, 0.805, 0.801, 0.797, 0.790,.