Stock Technical indicators to notice in CATHAY INTL HOLD (1209636.L)
1- Last bearish trend was from 7.25 $ (8/7/2007) to 6.55 $ (8/8/2007) a 0.70 $ move 2- The current bullish trend started from 6.55 $ at 8/8/2007 and is currently trading at 7.50 $.
4- 1209636.L current resistance level is at 7.68 which is the 161.80 % fibonacci retracement of the last 0.70 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
CATHAY INTL HOLD (1209636.L) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 7.250 that failed, and formed a support .
7- The Stock was supported by a support line, identified by two points: 6.550 and 6.500, and is currently supporting at 6.775.
CATHAY INTL HOLD (1209636.L) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 7.250 that failed, and formed a support .
9- The Stock was supported by a support line, identified by two points: 6.550 and 6.500, and is currently supporting at 6.775.
CATHAY INTL HOLD (1209636.L) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Top Pattern at 7.250 that failed, and formed a support .
11- The Stock was supported by a support line, identified by two points: 6.550 and 6.500, and is currently supporting at 6.775.
Stock Trading Conclusion:
CATHAY INTL HOLD (1209636.L) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 7.68.
Stock Support levels : 7.44, 7.28, 7.25, 7.14, 7.03, 6.98, 6.91, 6.90, 6.82, 6.78, 6.72, 6.55,.
