Stock Technical indicators to notice in S/DAJIANG GROUP ‘A’CNY1 (600695.SS)
1- Last bullish trend was from 5.30 $ (3/29/2012) to 6.43 $ (4/25/2012) a 1.13 $ move 2- The current bearish trend started from 6.43 $ at 4/25/2012 and is currently trading at 5.66 $.
4- 600695.SS current resistance level is at 5.73 which is the 61.80 % fibonacci retracement of the last 1.13 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
S/DAJIANG GROUP ‘A’CNY1 (600695.SS) Short term stock chart patterns for internet stock trading :
None.
S/DAJIANG GROUP ‘A’CNY1 (600695.SS) Mid term stock chart patterns for internet stock trading :
None.
S/DAJIANG GROUP ‘A’CNY1 (600695.SS) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 5.300 and 5.030, and is currently supporting at 5.418.
Stock Trading Conclusion:
S/DAJIANG GROUP ‘A’CNY1 (600695.SS) was trading in a bullish 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 : 5.73, 5.84, 5.86, 5.95, 6.00, 6.05, 6.14, 6.16, 6.43,.
Stock Support levels : 5.42, 5.30, 4.99,.
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