Stock Technical indicators to notice in NYCI (000791.SZ)
1- Last bullish trend was from 6.62 $ (1/20/2012) to 6.86 $ (1/30/2012) a 0.24 $ move 2- The current bearish trend started from 6.86 $ at 1/30/2012 and is currently trading at 6.81 $.
4- 000791.SZ current resistance level is at 6.86 which is the 0.00 % fibonacci retracement of the last 0.24 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
NYCI (000791.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 6.860 and 7.020 that was broken up at 6.810 transforming into a supporting line.
NYCI (000791.SZ) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 7.380 and 7.960, and is currently resisting at 7.219.
NYCI (000791.SZ) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 7.380 and 7.960, and is currently resisting at 7.219.
Stock Trading Conclusion:
NYCI (000791.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 : 6.82, 6.83, 6.84, 6.84, 6.86, 7.22,.
Stock Support levels : 6.80, 6.77, 6.74, 6.71, 6.70, 6.62, 6.55,.
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