Stock Technical indicators to notice in HNNL IEMC (002096.SZ)
1- Last bullish trend was from 28.44 $ (3/15/2012) to 29.50 $ (3/16/2012) a 1.06 $ move 2- The current bearish trend started from 29.50 $ at 3/16/2012 and is currently trading at 28.71 $.
4- 002096.SZ current resistance level is at 28.84 which is the 61.80 % fibonacci retracement of the last 1.06 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
HNNL IEMC (002096.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 4.960 $ height triangle which was broken down at 29.050, target of the pattern is 24.090.
HNNL IEMC (002096.SZ) Mid term stock chart patterns for internet stock trading :
None.
HNNL IEMC (002096.SZ) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 29.040 and 36.500 that was broken up at 24.900 transforming into a supporting line.
Stock Trading Conclusion:
HNNL IEMC (002096.SZ) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 28.84, 28.90, 28.97, 29.01, 29.10, 29.10, 29.20, 29.25, 29.50, 30.62.
Stock Support levels : 28.44, 28.15, 27.78, 24.09,.
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