Stock Technical indicators to notice in SINO-PLATINUM META ‘A’CNY1 (600459.SS)
1- Last bearish trend was from 18.79 $ (4/20/2012) to 18.18 $ (4/24/2012) a 0.61 $ move 2- The current bullish trend started from 18.18 $ at 4/24/2012 and is currently trading at 20.09 $.
SINO-PLATINUM META ‘A’CNY1 (600459.SS) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 3.540 $ height triangle which was broken up at 19.120 in higher than usual volume, target of the pattern is 22.660.
SINO-PLATINUM META ‘A’CNY1 (600459.SS) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 20.750 and 21.350 that was broken up at 19.870 transforming into a supporting line.
SINO-PLATINUM META ‘A’CNY1 (600459.SS) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 7.630 $ height triangle.
Stock Trading Conclusion:
SINO-PLATINUM META ‘A’CNY1 (600459.SS) 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 : 22.66.
Stock Support levels : 19.64, 19.40, 19.36, 19.14, 18.91, 18.18,.
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