Stock Technical indicators to notice in Netease.com (NTES)
1- Last bullish trend was from 36.50 $ (8/18/2010) to 41.87 $ (8/20/2010) a 5.37 $ move 2- The current bearish trend started from 41.87 $ at 8/20/2010 and is currently trading at 39.73 $.
4- NTES current resistance level is at 39.82 which is the 38.20 % fibonacci retracement of the last 5.37 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
Netease.com (NTES) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 36.500 .
Netease.com (NTES) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 36.500 and 30.620, and is currently supporting at 38.012.
Netease.com (NTES) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 41.270 and 41.900, and is currently resisting at 39.791.
Stock Trading Conclusion:
Netease.com (NTES) was trading in a strong 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 : 39.79, 39.82, 40.24, 40.55, 40.60, 40.80, 41.05, 41.87,.
Stock Support levels : 39.18, 38.55, 38.01, 36.50, 36.42, 35.04,.
