Stock Technical indicators to notice in Y-SUCCESS (000517.SZ)
1- Last bullish trend was from 6.95 $ (4/24/2012) to 7.65 $ (4/26/2012) a 0.70 $ move 2- The current bearish trend started from 7.65 $ at 4/26/2012 and is currently trading at 7.25 $.
4- 000517.SZ current resistance level is at 7.30 which is the 50.00 % fibonacci retracement of the last 0.70 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
Y-SUCCESS (000517.SZ) Short term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 6.950 and 6.870, and is currently supporting at 7.046.
Y-SUCCESS (000517.SZ) Mid term stock chart patterns for internet stock trading :
8- The Stock formed a 4.540 $ height triangle.
Y-SUCCESS (000517.SZ) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 6.600 and 4.710, and is currently supporting at 7.218.
Stock Trading Conclusion:
Y-SUCCESS (000517.SZ) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 7.30, 7.34, 7.38, 7.40, 7.45, 7.48, 7.50, 7.65,.
Stock Support levels : 7.22, 7.22, 7.05, 6.95, 6.76,.
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