Stock Technical indicators to notice in YAYI INTERNATIONAL (YYIN.OB)
1- Last bearish trend was from 1.55 $ (11/2/2010) to 1.36 $ (11/4/2010) a 0.19 $ move 2- The current bullish trend started from 1.36 $ at 11/4/2010 and is currently trading at 1.50 $.
4- YYIN.OB current resistance level is at 1.55 which is the 100.00 % fibonacci retracement of the last 0.19 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
6- Bullish Divergance in MACD Indicator .
YAYI INTERNATIONAL (YYIN.OB) Short term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 1.550 and 1.650 that was broken up at 1.500 transforming into a supporting line.
YAYI INTERNATIONAL (YYIN.OB) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 1.360 and 1.200, and is currently supporting at 1.411.
YAYI INTERNATIONAL (YYIN.OB) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 1.360 and 1.200, and is currently supporting at 1.411.
Stock Trading Conclusion:
YAYI INTERNATIONAL (YYIN.OB) was trading in a bullish wave, which is becoming stronger .
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 : 1.55, 1.60, 1.67.
Stock Support levels : 1.48, 1.48, 1.47, 1.45, 1.45, 1.43, 1.43, 1.41, 1.41, 1.40, 1.36,.
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