Stock Technical indicators to notice in CHENGDU QIANFENG ‘A’CNY1 (600733.SS)
1- Last bullish trend was from 12.67 $ (3/29/2012) to 15.33 $ (4/20/2012) a 2.66 $ move 2- The current bearish trend started from 15.33 $ at 4/20/2012 and is currently trading at 14.07 $.
4- 600733.SS current resistance level is at 14.31 which is the 38.20 % fibonacci retracement of the last 2.66 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CHENGDU QIANFENG ‘A’CNY1 (600733.SS) Short term stock chart patterns for internet stock trading :
None.
CHENGDU QIANFENG ‘A’CNY1 (600733.SS) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 12.670 and 11.930, and is currently supporting at 13.049.
CHENGDU QIANFENG ‘A’CNY1 (600733.SS) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 12.670 and 11.930, and is currently supporting at 13.049.
Stock Trading Conclusion:
CHENGDU QIANFENG ‘A’CNY1 (600733.SS) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 14.31, 14.37, 14.55, 14.70, 14.70, 14.85, 15.33,.
Stock Support levels : 14.00, 13.69, 13.05, 12.67, 11.95,.
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