Stock Technical indicators to notice in ZIJIN MINING GROUP ‘A’CNY0.1 (601899.SS)
1- Last bearish trend was from 4.74 $ (2/29/2012) to 4.10 $ (3/29/2012) a 0.64 $ move 2- The current bullish trend started from 4.10 $ at 3/29/2012 and is currently trading at 4.37 $.
4- 601899.SS current resistance level is at 4.42 which is the 50.00 % fibonacci retracement of the last 0.64 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ZIJIN MINING GROUP ‘A’CNY0.1 (601899.SS) Short term stock chart patterns for internet stock trading :
None.
ZIJIN MINING GROUP ‘A’CNY0.1 (601899.SS) Mid term stock chart patterns for internet stock trading :
6- The Stock formed a 1.010 $ height triangle.
ZIJIN MINING GROUP ‘A’CNY0.1 (601899.SS) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 4.740 and 4.780, and is currently resisting at 4.717.
Stock Trading Conclusion:
ZIJIN MINING GROUP ‘A’CNY0.1 (601899.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 : 4.42, 4.50, 4.72, 4.74, 4.91, 5.14.
Stock Support levels : 4.34, 4.31, 4.27, 4.25, 4.23, 4.20, 4.10,.
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