Stock Technical indicators to notice in HUAFENG SPANDEX (002064.SZ)
1- Last bearish trend was from 6.19 $ (4/12/2012) to 5.61 $ (4/24/2012) a 0.58 $ move 2- The current bullish trend started from 5.61 $ at 4/24/2012 and is currently trading at 5.87 $.
4- 002064.SZ current resistance level is at 5.90 which is the 50.00 % fibonacci retracement of the last 0.58 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
HUAFENG SPANDEX (002064.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 1.010 $ height triangle.
HUAFENG SPANDEX (002064.SZ) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 1.140 $ height triangle.
HUAFENG SPANDEX (002064.SZ) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 1.990 $ height triangle.
Stock Trading Conclusion:
HUAFENG SPANDEX (002064.SZ) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 5.90, 5.97, 6.19, 6.35, 6.55.
Stock Support levels : 5.83, 5.81, 5.77, 5.75, 5.74, 5.71, 5.61,.
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