Stock Technical indicators to notice in WISCOM (002090.SZ)
1- Last bearish trend was from 9.05 $ (4/13/2012) to 8.43 $ (4/24/2012) a 0.62 $ move 2- The current bullish trend started from 8.43 $ at 4/24/2012 and is currently trading at 8.93 $.
4- 002090.SZ current resistance level is at 9.05 which is the 100.00 % fibonacci retracement of the last 0.62 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
WISCOM (002090.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 1.380 $ height triangle which was broken up at 8.930 in higher than usual volume, target of the pattern is 10.310.
WISCOM (002090.SZ) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 1.990 $ height triangle which was broken up at 8.690, target of the pattern is 10.680.
WISCOM (002090.SZ) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 8.030 and 7.820, and is currently supporting at 8.117.
Stock Trading Conclusion:
WISCOM (002090.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 : 9.05, 9.22, 9.43, 10.31, 10.68.
Stock Support levels : 8.81, 8.81, 8.78, 8.74, 8.74, 8.68, 8.67, 8.62, 8.59, 8.58, 8.43,.
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