Stock Technical indicators to notice in CHINA RES LAND (CHZ.DE)
1- Last bullish trend was from 1.27 $ (2/1/2011) to 1.32 $ (2/4/2011) a 0.05 $ move 2- The current bearish trend started from 1.32 $ at 2/4/2011 and is currently trading at 1.15 $.
CHINA RES LAND (CHZ.DE) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bearish stock channel identifed by support at 1.270 and 1.320,resistance between 1.320 and 1.370 which was broken down at 1.230.
CHINA RES LAND (CHZ.DE) Mid term stock chart patterns for internet stock trading :
None.
CHINA RES LAND (CHZ.DE) Long term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 1.500 and 1.650, and is currently resisting at 1.447.
Stock Trading Conclusion:
CHINA RES LAND (CHZ.DE) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 1.19, 1.21, 1.22, 1.24, 1.26, 1.32, 1.45.
Stock Support levels :.
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