Stock Technical indicators to notice in CHINA YUCHAI INTL (CYD.DE)
1- Last bearish trend was from 24.90 $ (1/13/2011) to 17.25 $ (3/16/2011) a 7.65 $ move 2- The current bullish trend started from 17.25 $ at 3/16/2011 and is currently trading at 22.50 $.
4- CYD.DE current resistance level is at 24.90 which is the 100.00 % fibonacci retracement of the last 7.65 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CHINA YUCHAI INTL (CYD.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 24.900 and 32.900 that was broken up at 22.660 transforming into a supporting line.
CHINA YUCHAI INTL (CYD.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 24.900 and 32.900 that was broken up at 22.660 transforming into a supporting line.
CHINA YUCHAI INTL (CYD.DE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 24.900 and 32.900 that was broken up at 22.660 transforming into a supporting line.
Stock Trading Conclusion:
CHINA YUCHAI INTL (CYD.DE) 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 : 24.90, 26.98, 29.63.
Stock Support levels : 21.98, 21.26, 21.08, 20.49, 20.17, 19.88, 19.26, 19.06, 17.25, 10.50,.
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