Stock Technical indicators to notice in DHKJ (002140.SZ)
1- Last bearish trend was from 21.99 $ (4/6/2012) to 19.20 $ (4/25/2012) a 2.79 $ move 2- The current bullish trend started from 19.20 $ at 4/25/2012 and is currently trading at 19.78 $.
4- 002140.SZ current resistance level is at 19.86 which is the 23.60 % fibonacci retracement of the last 2.79 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
DHKJ (002140.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 21.990 and 23.810, and is currently resisting at 19.927.
DHKJ (002140.SZ) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 5.610 $ height triangle which was broken down at 20.500 in higher than usual volume, target of the pattern is 14.890.
DHKJ (002140.SZ) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 23.810 and 27.510, and is currently resisting at 22.292.
Stock Trading Conclusion:
DHKJ (002140.SZ) was trading in a strong bearish wave, which is becoming stronger .
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 : 19.86, 19.93, 20.27, 20.60, 20.92, 21.46, 21.99, 22.29, 22.75, 23.71.
Stock Support levels : 19.64, 19.56, 19.49, 19.42, 19.20,.
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