Stock Technical indicators to notice in CHINA WIND SYS (CWZ.DE)
1- Last bullish trend was from 0.90 $ (10/2/2009) to 1.11 $ (10/5/2009) a 0.21 $ move 2- The current bearish trend started from 1.11 $ at 10/5/2009 and is currently trading at 1.01 $.
4- CWZ.DE current resistance level is at 1.03 which is the 38.20 % fibonacci retracement of the last 0.21 $ move.
5- According to ADX Indicator, the trend is currently 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 WIND SYS (CWZ.DE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.900 .
CHINA WIND SYS (CWZ.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 0.900 .
CHINA WIND SYS (CWZ.DE) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.900 .
Stock Trading Conclusion:
CHINA WIND SYS (CWZ.DE) was trading in a bearish 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 : 1.03, 1.03, 1.05, 1.06, 1.06, 1.07, 1.11,.
Stock Support levels : 1.00, 1.00, 0.98, 0.90, 0.84,.
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