Stock Technical indicators to notice in S/WINGSUNG DATA TE ‘A’CNY1 (600613.SS)
1- Last bearish trend was from 8.30 $ (1/11/2012) to 7.41 $ (1/16/2012) a 0.89 $ move 2- The current bullish trend started from 7.41 $ at 1/16/2012 and is currently trading at 8.48 $.
4- 600613.SS current resistance level is at 8.54 which is the 127.20 % fibonacci retracement of the last 0.89 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
S/WINGSUNG DATA TE ‘A’CNY1 (600613.SS) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 4.390 $ height triangle which was broken up at 7.960, target of the pattern is 12.350.
S/WINGSUNG DATA TE ‘A’CNY1 (600613.SS) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 5.660 $ height triangle which was broken up at 7.960, target of the pattern is 13.620.
S/WINGSUNG DATA TE ‘A’CNY1 (600613.SS) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 6.370 $ height triangle which was broken up at 7.990, target of the pattern is 14.360.
Stock Trading Conclusion:
S/WINGSUNG DATA TE ‘A’CNY1 (600613.SS) was trading in a strong bearish wave, which is becoming weaker .
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 : 8.54, 8.85, 12.35, 13.62, 14.36.
Stock Support levels : 8.30, 8.23, 8.07, 7.96, 7.94, 7.86, 7.82, 7.75, 7.62, 7.41, 7.29, 7.09,.
Related Stocks
| S/HAI DINGLI TECH ‘A’CNY1 |
| SHANGHAI FENGHWA G ‘A’CNY1 |
| SHANGHAI JINFENG W ‘A’CNY1 |
| S/LIAN HUA FIBRE ‘A’CNY1 |
| SHANGHAI CHLOR-ALK ‘A’CNY1 |