Stock Technical indicators to notice in LCXX (000977.SZ)
1- Last bullish trend was from 13.90 $ (10/29/2012) to 15.12 $ (11/2/2012) a 1.22 $ move 2- The current bearish trend started from 15.12 $ at 11/2/2012 and is currently trading at 14.42 $.
4- 000977.SZ current resistance level is at 14.51 which is the 50.00 % fibonacci retracement of the last 1.22 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
LCXX (000977.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 13.900 and 12.720, and is currently supporting at 14.413.
LCXX (000977.SZ) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 13.900 and 12.720, and is currently supporting at 14.413.
LCXX (000977.SZ) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 5.470 $ height triangle which was broken up at 13.760 in higher than usual volume, target of the pattern is 19.230.
Stock Trading Conclusion:
LCXX (000977.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 : 14.51, 14.59, 14.65, 14.69, 14.77, 14.83, 14.85, 15.12, 19.23.
Stock Support levels : 14.41, 14.37, 13.90, 13.57, 13.15,.
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