Stock Technical indicators to notice in DAHUA GROUP DALIAN ‘B’CNY1 (900951.SS)
1- Last bullish trend was from 0.44 $ (4/19/2012) to 0.47 $ (4/26/2012) a 0.03 $ move 2- The current bearish trend started from 0.47 $ at 4/26/2012 and is currently trading at 0.44 $.
4- 900951.SS current resistance level is at 0.44 which is the 100.00 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
DAHUA GROUP DALIAN ‘B’CNY1 (900951.SS) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 0.440 and 0.420 that was broken down at 0.440 transforming into a resistance line.
DAHUA GROUP DALIAN ‘B’CNY1 (900951.SS) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 0.420 and 0.340 that was broken down at 0.440 transforming into a resistance line.
DAHUA GROUP DALIAN ‘B’CNY1 (900951.SS) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.450 and 0.460 that was broken up at 0.440 transforming into a supporting line.
Stock Trading Conclusion:
DAHUA GROUP DALIAN ‘B’CNY1 (900951.SS) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 0.447, 0.449, 0.451, 0.455, 0.456, 0.459, 0.460, 0.463, 0.470,.
Stock Support levels : 0.433, 0.432, 0.421, 0.420,.
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