Stock Technical indicators to notice in Z/JIANG WHWH INDUS ‘A’CNY1 (600576.SS)
1- Last bearish trend was from 9.13 $ (4/25/2012) to 8.63 $ (5/3/2012) a 0.50 $ move 2- The current bullish trend started from 8.63 $ at 5/3/2012 and is currently trading at 8.96 $.
4- 600576.SS current resistance level is at 9.13 which is the 100.00 % fibonacci retracement of the last 0.50 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
Z/JIANG WHWH INDUS ‘A’CNY1 (600576.SS) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 9.130 and 9.500 that was broken up at 8.960 transforming into a supporting line.
Z/JIANG WHWH INDUS ‘A’CNY1 (600576.SS) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 9.500 and 10.960, and is currently resisting at 9.033.
Z/JIANG WHWH INDUS ‘A’CNY1 (600576.SS) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 3.740 $ height triangle.
Stock Trading Conclusion:
Z/JIANG WHWH INDUS ‘A’CNY1 (600576.SS) was trading in a bearish 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 : 9.03, 9.13, 9.27, 9.44.
Stock Support levels : 8.94, 8.88, 8.88, 8.83, 8.82, 8.80, 8.76, 8.75, 8.63,.
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