Stock Technical indicators to notice in HK EX and CLEARING (HK2C.DE)
1- Last bearish trend was from 17.75 $ (11/8/2010) to 15.41 $ (2/28/2011) a 2.34 $ move 2- The current bullish trend started from 15.41 $ at 2/28/2011 and is currently trading at 16.50 $.
4- HK2C.DE current resistance level is at 16.58 which is the 50.00 % fibonacci retracement of the last 2.34 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
HK EX and CLEARING (HK2C.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 17.750 and 18.000, and is currently resisting at 16.813.
HK EX and CLEARING (HK2C.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 17.750 and 18.000, and is currently resisting at 16.813.
HK EX and CLEARING (HK2C.DE) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 10.930 .
Stock Trading Conclusion:
HK EX and CLEARING (HK2C.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 : 16.58, 16.81, 16.86, 17.75, 18.39, 19.20.
Stock Support levels : 16.30, 16.24, 16.08, 15.96, 15.95, 15.83, 15.41,.
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