Stock Technical indicators to notice in ZHUZHOU TIMES NEW ‘A’CNY1 (600458.SS)
1- Last bearish trend was from 11.32 $ (1/10/2012) to 10.24 $ (1/16/2012) a 1.08 $ move 2- The current bullish trend started from 10.24 $ at 1/16/2012 and is currently trading at 12.16 $.
ZHUZHOU TIMES NEW ‘A’CNY1 (600458.SS) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 3.040 $ height triangle which was broken up at 11.240 in higher than usual volume, target of the pattern is 14.280.
ZHUZHOU TIMES NEW ‘A’CNY1 (600458.SS) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 8.350 $ height triangle which was broken up at 11.240 in higher than usual volume, target of the pattern is 19.590.
ZHUZHOU TIMES NEW ‘A’CNY1 (600458.SS) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 8.690 $ height triangle which was broken up at 11.240 in higher than usual volume, target of the pattern is 19.930.
Stock Trading Conclusion:
ZHUZHOU TIMES NEW ‘A’CNY1 (600458.SS) was trading in a strong bullish wave, which is becoming weaker .
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 : 14.28, 19.59, 19.93.
Stock Support levels : 11.71, 11.43, 11.20, 10.97, 10.24, 9.95, 9.44,.
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