Stock Technical indicators to notice in JSQJ (000821.SZ)
1- Last bullish trend was from 4.82 $ (3/30/2012) to 5.41 $ (4/18/2012) a 0.59 $ move 2- The current bearish trend started from 5.41 $ at 4/18/2012 and is currently trading at 4.92 $.
4- 000821.SZ current resistance level is at 5.05 which is the 61.80 % fibonacci retracement of the last 0.59 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
JSQJ (000821.SZ) Short term stock chart patterns for internet stock trading :
None.
JSQJ (000821.SZ) Mid term stock chart patterns for internet stock trading :
6- The Stock formed a 1.580 $ height triangle which was broken down at 4.870 in higher than usual volume, target of the pattern is 3.290.
JSQJ (000821.SZ) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 1.760 $ height triangle which was broken down at 4.870 in higher than usual volume, target of the pattern is 3.110.
Stock Trading Conclusion:
JSQJ (000821.SZ) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 5.04, 5.05, 5.11, 5.11, 5.11, 5.14, 5.16, 5.18, 5.22, 5.27, 5.41,.
Stock Support levels : 4.82, 4.66, 4.46, 3.29,.
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