Stock Technical indicators to notice in NSU (002089.SZ)
1- Last bullish trend was from 11.50 $ (4/17/2012) to 12.02 $ (4/20/2012) a 0.52 $ move 2- The current bearish trend started from 12.02 $ at 4/20/2012 and is currently trading at 11.22 $.
4- 002089.SZ current resistance level is at 11.36 which is the 127.20 % fibonacci retracement of the last 0.52 $ 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.
NSU (002089.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 1.500 $ height triangle which was broken down at 11.200 in higher than usual volume, target of the pattern is 9.700.
NSU (002089.SZ) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 3.970 $ height triangle which was broken down at 11.200 in higher than usual volume, target of the pattern is 7.230.
NSU (002089.SZ) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 4.230 $ height triangle which was broken down at 11.200 in higher than usual volume, target of the pattern is 6.970.
Stock Trading Conclusion:
NSU (002089.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 : 11.36, 11.41, 11.50, 11.53, 11.61, 11.62, 11.63, 11.70, 11.71, 11.76, 11.82, 11.90, 12.02, 12.29.
Stock Support levels : 11.18, 9.70, 7.23,.
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