Stock Technical indicators to notice in MAANSHAN IRON -H- (YM9A.DE)
1- Last bearish trend was from 0.51 $ (1/12/2010) to 0.37 $ (5/13/2010) a 0.14 $ move 2- The current bullish trend started from 0.37 $ at 5/13/2010 and is currently trading at 0.46 $.
4- YM9A.DE current resistance level is at 0.51 which is the 100.00 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
MAANSHAN IRON -H- (YM9A.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.510 and 0.700 that was broken up at 0.460 transforming into a supporting line.
MAANSHAN IRON -H- (YM9A.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.510 and 0.700 that was broken up at 0.460 transforming into a supporting line.
MAANSHAN IRON -H- (YM9A.DE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.510 and 0.700 that was broken up at 0.460 transforming into a supporting line.
Stock Trading Conclusion:
MAANSHAN IRON -H- (YM9A.DE) was trading in a bearish 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 : 0.510, 0.548, 0.597.
Stock Support levels : 0.457, 0.440, 0.439, 0.426, 0.423, 0.420, 0.415, 0.404, 0.403, 0.370, 0.200, -0.060,.
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