Stock Technical indicators to notice in TYAO (000795.SZ)
1- Last bearish trend was from 14.96 $ (4/13/2012) to 13.99 $ (4/24/2012) a 0.97 $ move 2- The current bullish trend started from 13.99 $ at 4/24/2012 and is currently trading at 14.90 $.
4- 000795.SZ current resistance level is at 14.96 which is the 100.00 % fibonacci retracement of the last 0.97 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
TYAO (000795.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 2.680 $ height triangle which was broken up at 14.670 in higher than usual volume, target of the pattern is 17.350.
TYAO (000795.SZ) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 2.680 $ height triangle which was broken up at 14.670 in higher than usual volume, target of the pattern is 17.350.
TYAO (000795.SZ) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 13.500 and 12.080, and is currently supporting at 14.062.
Stock Trading Conclusion:
TYAO (000795.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 : 14.96, 15.22, 15.56, 17.35,.
Stock Support levels : 14.69, 14.59, 14.55, 14.48, 14.44, 14.36, 14.34, 14.22, 14.06, 14.05, 13.99,.
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