Stock Technical indicators to notice in LANZHOU HUANGHE (000929.SZ)
1- Last bearish trend was from 6.03 $ (1/11/2012) to 5.50 $ (1/16/2012) a 0.53 $ move 2- The current bullish trend started from 5.50 $ at 1/16/2012 and is currently trading at 6.55 $.
LANZHOU HUANGHE (000929.SZ) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 0.860 $ height triangle which was broken up at 6.010 in higher than usual volume, target of the pattern is 6.870.
LANZHOU HUANGHE (000929.SZ) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 2.880 $ height triangle which was broken up at 5.860, target of the pattern is 8.740.
LANZHOU HUANGHE (000929.SZ) Long term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 5.270 and 7.000,resistance between 8.220 and 11.090 which was broken up at 6.320 in higher than usual volume.
Stock Trading Conclusion:
LANZHOU HUANGHE (000929.SZ) was trading in a 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 : 6.87, 8.74.
Stock Support levels : 6.30, 6.20, 6.15, 6.03, 5.90, 5.87, 5.50,.
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