Stock Technical indicators to notice in DHCC (002065.SZ)
1- Last bearish trend was from 21.88 $ (4/10/2012) to 20.20 $ (5/2/2012) a 1.68 $ move 2- The current bullish trend started from 20.20 $ at 5/2/2012 and is currently trading at 20.95 $.
4- 002065.SZ current resistance level is at 21.04 which is the 50.00 % fibonacci retracement of the last 1.68 $ 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.
DHCC (002065.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 20.200 .
DHCC (002065.SZ) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 21.880 .
8- The Stock formed a 3.960 $ height triangle which was broken down at 20.460 in higher than usual volume, target of the pattern is 16.500.
DHCC (002065.SZ) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
DHCC (002065.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 : 21.04, 21.22, 21.24, 21.80, 21.88, 22.34, 22.92.
Stock Support levels : 20.84, 20.77, 20.66, 20.60, 20.58, 20.49, 20.21, 20.20,.
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