Stock Technical indicators to notice in SUNWARD INTELLIGENT (002097.SZ)
1- Last bearish trend was from 9.13 $ (4/20/2012) to 8.59 $ (4/24/2012) a 0.54 $ move 2- The current bullish trend started from 8.59 $ at 4/24/2012 and is currently trading at 8.91 $.
4- 002097.SZ current resistance level is at 8.92 which is the 61.80 % fibonacci retracement of the last 0.54 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
SUNWARD INTELLIGENT (002097.SZ) Short term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 8.590 .
SUNWARD INTELLIGENT (002097.SZ) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 8.240 .
SUNWARD INTELLIGENT (002097.SZ) Long term stock chart patterns for internet stock trading :
9- The Stock formed a 4.930 $ height triangle which was broken up at 8.740, target of the pattern is 13.670.
Stock Trading Conclusion:
SUNWARD INTELLIGENT (002097.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 : 8.92, 9.13, 9.28, 9.46, 13.67.
Stock Support levels : 8.86, 8.83, 8.80, 8.79, 8.75, 8.72, 8.71, 8.61, 8.59, 8.52,.
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