Stock Technical indicators to notice in KINGKING (002094.SZ)
1- Last bearish trend was from 9.50 $ (1/10/2012) to 8.39 $ (1/16/2012) a 1.11 $ move 2- The current bullish trend started from 8.39 $ at 1/16/2012 and is currently trading at 9.15 $.
4- 002094.SZ current resistance level is at 9.50 which is the 100.00 % fibonacci retracement of the last 1.11 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
KINGKING (002094.SZ) Short term stock chart patterns for internet stock trading :
None.
KINGKING (002094.SZ) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 9.500 and 16.130 that was broken up at 8.750 transforming into a supporting line.
KINGKING (002094.SZ) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 9.500 and 16.130 that was broken up at 8.750 transforming into a supporting line.
Stock Trading Conclusion:
KINGKING (002094.SZ) was trading in a strong bearish 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 : 9.50, 9.80, 10.19.
Stock Support levels : 9.08, 8.97, 8.94, 8.86, 8.81, 8.77, 8.68, 8.65, 8.39, 7.01,.
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