Stock Technical indicators to notice in SJZBS (000413.SZ)
1- Last bullish trend was from 13.22 $ (4/16/2012) to 13.70 $ (4/19/2012) a 0.48 $ move 2- The current bearish trend started from 13.70 $ at 4/19/2012 and is currently trading at 13.20 $.
4- 000413.SZ current resistance level is at 13.22 which is the 100.00 % fibonacci retracement of the last 0.48 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SJZBS (000413.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 13.700 .
7- The Stock formed a 1.240 $ height triangle which was broken down at 13.160, target of the pattern is 11.920.
SJZBS (000413.SZ) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 12.400 and 10.140 that was broken down at 13.180 transforming into a resistance line.
SJZBS (000413.SZ) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 14.730 and 15.600, and is currently resisting at 13.860.
Stock Trading Conclusion:
SJZBS (000413.SZ) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 13.22, 13.24, 13.32, 13.39, 13.40, 13.45, 13.46, 13.51, 13.52, 13.59, 13.65, 13.70, 13.80, 13.86, 14.22.
Stock Support levels : 13.09, 12.92,.
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