Stock Technical indicators to notice in QINO FLAGSHIP (QFU.DE)
1- Last bullish trend was from 0.70 $ (2/28/2011) to 0.80 $ (3/14/2011) a 0.10 $ move 2- The current bearish trend started from 0.80 $ at 3/14/2011 and is currently trading at 0.70 $.
4- QFU.DE current resistance level is at 0.70 which is the 100.00 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
QINO FLAGSHIP (QFU.DE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.800 .
7- The Stock formed a 0.200 $ height triangle which was broken down at 0.700, target of the pattern is 0.500.
QINO FLAGSHIP (QFU.DE) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.800 .
9- The Stock formed a 0.200 $ height triangle which was broken down at 0.700, target of the pattern is 0.500.
QINO FLAGSHIP (QFU.DE) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Top Pattern at 0.800 .
11- The Stock formed a 0.200 $ height triangle which was broken down at 0.700, target of the pattern is 0.500.
Stock Trading Conclusion:
QINO FLAGSHIP (QFU.DE) was trading in a bearish 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 : 0.724, 0.738, 0.750, 0.762, 0.776, 0.800, 0.845,.
Stock Support levels : 0.673, 0.638, 0.500,.