Stock Technical indicators to notice in CHINA DIG TV HO ADR (49C1.DE)
1- Last bullish trend was from 4.08 $ (11/16/2009) to 6.50 $ (11/26/2010) a 2.42 $ move 2- The current bearish trend started from 6.50 $ at 11/26/2010 and is currently trading at 4.40 $.
4- 49C1.DE current resistance level is at 5.00 which is the 61.80 % fibonacci retracement of the last 2.42 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,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.
CHINA DIG TV HO ADR (49C1.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 6.500 and 9.180, and is currently resisting at 6.232.
CHINA DIG TV HO ADR (49C1.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 6.500 and 9.180, and is currently resisting at 6.232.
CHINA DIG TV HO ADR (49C1.DE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 6.500 and 9.180, and is currently resisting at 6.232.
Stock Trading Conclusion:
CHINA DIG TV HO ADR (49C1.DE) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 4.90, 5.00, 5.20, 5.29, 5.45, 5.58, 5.70, 5.93, 6.23, 6.50, 9.18.
Stock Support levels : 4.08, 3.42,.
