Stock Technical indicators to notice in TIANJIN CAP ENV -H- (TIA.MU)
1- Last bearish trend was from 0.19 $ (4/27/2012) to 0.18 $ (5/2/2012) a 0.01 $ move 2- The current bullish trend started from 0.18 $ at 5/2/2012 and is currently trading at 0.19 $.
4- TIA.MU current resistance level is at 0.19 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bullish Divergance in MACD Indicator .
TIANJIN CAP ENV -H- (TIA.MU) Short term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 0.180 .
8- The Stock formed a 0.020 $ height triangle which was broken up at 0.190, target of the pattern is 0.210.
TIANJIN CAP ENV -H- (TIA.MU) Mid term stock chart patterns for internet stock trading :
9- The Stock formed Double Top Pattern at 0.220 .
10- The Stock formed a 0.030 $ height triangle which was broken down at 0.200, target of the pattern is 0.170.
TIANJIN CAP ENV -H- (TIA.MU) Long term stock chart patterns for internet stock trading :
11- The Stock formed Double Top Pattern at 0.220 .
12- The Stock formed a 0.030 $ height triangle which was broken down at 0.200, target of the pattern is 0.170.
Stock Trading Conclusion:
TIANJIN CAP ENV -H- (TIA.MU) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 0.193, 0.196, 0.210, 0.218, 0.220,.
Stock Support levels : 0.188, 0.186, 0.185, 0.184, 0.184, 0.182, 0.180, 0.170,.
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