Stock Technical indicators to notice in HAISUM (002116.SZ)
1- Last bearish trend was from 21.44 $ (4/13/2012) to 20.00 $ (4/26/2012) a 1.44 $ move 2- The current bullish trend started from 20.00 $ at 4/26/2012 and is currently trading at 22.68 $.
HAISUM (002116.SZ) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 20.000 and 19.320, and is currently supporting at 20.151.
HAISUM (002116.SZ) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 20.000 and 19.320, and is currently supporting at 20.151.
HAISUM (002116.SZ) Long term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 15.670 and 17.270,resistance between 19.450 and 21.210 which was broken up at 18.380 in higher than usual volume.
Stock Trading Conclusion:
HAISUM (002116.SZ) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : .
Stock Support levels : 22.05, 21.66, 21.34, 21.02, 20.15, 20.00,.
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