Stock Technical indicators to notice in CHINA WIND ENERGY (CWEY.OB)
1- Last bearish trend was from 0.15 $ (9/23/2011) to 0.05 $ (1/11/2012) a 0.10 $ move 2- The current bullish trend started from 0.05 $ at 1/11/2012 and is currently trading at 0.07 $.
4- CWEY.OB current resistance level is at 0.07 which is the 23.60 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
CHINA WIND ENERGY (CWEY.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.150 and 0.220 that was broken up at 0.080 transforming into a supporting line.
CHINA WIND ENERGY (CWEY.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.150 and 0.220 that was broken up at 0.080 transforming into a supporting line.
CHINA WIND ENERGY (CWEY.OB) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.150 and 0.220 that was broken up at 0.080 transforming into a supporting line.
Stock Trading Conclusion:
CHINA WIND ENERGY (CWEY.OB) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.074, 0.088, 0.100, 0.112, 0.150, 0.177, 0.212.
Stock Support levels : 0.065, 0.062, 0.060, 0.058, 0.050, -0.496,.
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