Today we will analyze the stock JINHUI SHIPPING (JIN.OL) for internet stock trading in the OL stock market,
Stock Technical indicators to notice in JINHUI SHIPPING (JIN.OL)
1- Last bullish trend was from 26.90 $ (2/20/2014) to 27.90 $ (2/21/2014) a 1.00 $ move 2- The current bearish trend started from 27.90 $ at 2/21/2014 and is currently trading at 27.10 $.
3- JIN.OL current support level is at 26.90 which is the 100.00 % fibonacci retracement of the last 1.00 $ move.
4- JIN.OL current resistance level is at 27.28 which is the 61.80 % fibonacci retracement of the last 1.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,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.
JINHUI SHIPPING (JIN.OL) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 27.900 .
7- The Stock formed a 3.400 $ height triangle which was broken down at 27.400, target of the pattern is 24.000.
JINHUI SHIPPING (JIN.OL) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 4.700 $ height triangle which was broken up at 25.900, target of the pattern is 30.600.
JINHUI SHIPPING (JIN.OL) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
JINHUI SHIPPING (JIN.OL) was trading in a bullish 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 : 27.28, 27.29, 27.40, 27.41, 27.50, 27.52, 27.59, 27.66, 27.90, 30.60.
Stock Support levels : 26.90, 26.63, 26.28, 24.00,.
Related Stocks
PETROJACK