Stock Technical indicators to notice in SHENJI GRP KUNM -H- (JI8.F)
1- Last bullish trend was from 0.18 $ (2/21/2014) to 0.19 $ (3/7/2014) a 0.01 $ move 2- The current bearish trend started from 0.19 $ at 3/7/2014 and is currently trading at 0.18 $.
4- JI8.F current resistance level is at 0.18 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SHENJI GRP KUNM -H- (JI8.F) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.190 .
7- The Stock formed a 0.020 $ height triangle which was broken down at 0.190, target of the pattern is 0.170.
SHENJI GRP KUNM -H- (JI8.F) Mid term stock chart patterns for internet stock trading :
SHENJI GRP KUNM -H- (JI8.F) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
SHENJI GRP KUNM -H- (JI8.F) 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 : 0.182, 0.184, 0.185, 0.186, 0.188, 0.190, 0.196.
Stock Support levels : 0.177, 0.174,.