Stock Technical indicators to notice in NETSUN (002095.SZ)
1- Last bearish trend was from 15.17 $ (4/18/2012) to 13.35 $ (4/23/2012) a 1.82 $ move 2- The current bullish trend started from 13.35 $ at 4/23/2012 and is currently trading at 14.44 $.
4- 002095.SZ current resistance level is at 14.47 which is the 61.80 % fibonacci retracement of the last 1.82 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bearish Divergance in MACD Indicator .
NETSUN (002095.SZ) Short term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 15.170 and 15.510 that was broken up at 14.440 transforming into a supporting line.
NETSUN (002095.SZ) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 13.350 and 12.670, and is currently supporting at 13.614.
NETSUN (002095.SZ) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 12.670 and 10.630, and is currently supporting at 13.829.
Stock Trading Conclusion:
NETSUN (002095.SZ) was trading in a bullish wave, which is becoming weaker .
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 : 14.47, 15.17, 15.67, 16.29.
Stock Support levels : 14.32, 14.26, 14.18, 14.05, 14.02, 13.90, 13.83, 13.78, 13.77, 13.61, 13.35,.
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