Stock Technical indicators to notice in CHINA RES LAND (CHZ.DE)
1- Last bearish trend was from 1.62 $ (8/3/2010) to 1.44 $ (8/26/2010) a 0.18 $ move 2- The current bullish trend started from 1.44 $ at 8/26/2010 and is currently trading at 1.48 $.
4- CHZ.DE current resistance level is at 1.48 which is the 23.60 % fibonacci retracement of the last 0.18 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CHINA RES LAND (CHZ.DE) Short term stock chart patterns for internet stock trading :
None.
CHINA RES LAND (CHZ.DE) Mid term stock chart patterns for internet stock trading :
6- The Stock formed a 0.240 $ height triangle.
CHINA RES LAND (CHZ.DE) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 0.530 $ height triangle which was broken down at 1.570, target of the pattern is 1.040.
Stock Trading Conclusion:
CHINA RES LAND (CHZ.DE) was trading in a bullish 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 : 1.48, 1.51, 1.53, 1.55, 1.62, 1.67, 1.73, 1.74.
Stock Support levels : 1.47, 1.46, 1.46, 1.46, 1.44,.