Stock Technical indicators to notice in TJBE (000695.SZ)
1- Last bearish trend was from 9.26 $ (4/25/2012) to 8.73 $ (4/27/2012) a 0.53 $ move 2- The current bullish trend started from 8.73 $ at 4/27/2012 and is currently trading at 8.96 $.
4- 000695.SZ current resistance level is at 8.99 which is the 50.00 % fibonacci retracement of the last 0.53 $ move.
5- According to ADX Indicator, the trend is currently bullish,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.
TJBE (000695.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 9.260 and 9.650 that was broken up at 9.010 transforming into a supporting line.
TJBE (000695.SZ) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 4.180 $ height triangle.
TJBE (000695.SZ) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 4.180 $ height triangle.
Stock Trading Conclusion:
TJBE (000695.SZ) was trading in a bullish wave, which is becoming weaker .
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 : 8.99, 9.06, 9.26, 9.40, 9.59.
Stock Support levels : 8.94, 8.93, 8.91, 8.87, 8.86, 8.84, 8.82, 8.73,.
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