Stock Technical indicators to notice in SDSL (000407.SZ)
1- Last bearish trend was from 4.95 $ (4/20/2012) to 4.80 $ (4/23/2012) a 0.15 $ move 2- The current bullish trend started from 4.80 $ at 4/23/2012 and is currently trading at 5.40 $.
SDSL (000407.SZ) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 4.800 and 4.720, and is currently supporting at 4.940.
SDSL (000407.SZ) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 4.360 and 3.570, and is currently supporting at 4.682.
SDSL (000407.SZ) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 2.210 $ height triangle which was broken up at 4.890 in higher than usual volume, target of the pattern is 7.100.
Stock Trading Conclusion:
SDSL (000407.SZ) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 7.10.
Stock Support levels : 5.26, 5.17, 5.10, 5.03, 4.94, 4.80, 4.71, 4.68,.
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