Stock Technical indicators to notice in CHINA UNICOM (HK) (XCI.F)
1- Last bearish trend was from 1.32 $ (4/18/2012) to 1.25 $ (4/24/2012) a 0.07 $ move 2- The current bullish trend started from 1.25 $ at 4/24/2012 and is currently trading at 1.32 $.
4- XCI.F current resistance level is at 1.34 which is the 127.20 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CHINA UNICOM (HK) (XCI.F) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 1.250 .
CHINA UNICOM (HK) (XCI.F) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.310 $ height triangle which was broken up at 1.320, target of the pattern is 1.630 which was broken down at 1.250 in higher than usual volume, target of the pattern is 0.940.
CHINA UNICOM (HK) (XCI.F) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
CHINA UNICOM (HK) (XCI.F) was trading in a bullish wave, which is becoming weaker .
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 : 1.34, 1.36, 1.48, 1.63.
Stock Support levels : 1.30, 1.29, 1.29, 1.28, 1.27, 1.25, 1.20,.
