Stock Technical indicators to notice in SHENJI GRP KUNM -H- (JI8.F)
1- Last bearish trend was from 0.19 $ (10/25/2012) to 0.17 $ (11/1/2012) a 0.02 $ move 2- The current bullish trend started from 0.17 $ at 11/1/2012 and is currently trading at 0.18 $.
4- JI8.F current resistance level is at 0.18 which is the 61.80 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SHENJI GRP KUNM -H- (JI8.F) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 0.170 and 0.140, and is currently supporting at 0.172.
SHENJI GRP KUNM -H- (JI8.F) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 0.140 .
SHENJI GRP KUNM -H- (JI8.F) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.190 and 0.200, and is currently resisting at 0.189.
Stock Trading Conclusion:
SHENJI GRP KUNM -H- (JI8.F) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 0.182, 0.189, 0.190, 0.195, 0.202.
Stock Support levels : 0.178, 0.176, 0.175, 0.175, 0.174, 0.172, 0.170, 0.140,.