Stock Technical indicators to notice in GOLDWIND (002202.SZ)
1- Last bearish trend was from 7.85 $ (4/20/2012) to 7.48 $ (4/24/2012) a 0.37 $ move 2- The current bullish trend started from 7.48 $ at 4/24/2012 and is currently trading at 7.80 $.
4- 002202.SZ current resistance level is at 7.85 which is the 100.00 % fibonacci retracement of the last 0.37 $ move.
5- According to ADX Indicator, the trend is currently bearish,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.
GOLDWIND (002202.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 1.600 $ height triangle which was broken up at 7.700 in higher than usual volume, target of the pattern is 9.300.
GOLDWIND (002202.SZ) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 7.670 and 7.420 that was broken down at 8.570 transforming into a resistance line.
GOLDWIND (002202.SZ) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 9.030 and 10.560, and is currently resisting at 8.383.
Stock Trading Conclusion:
GOLDWIND (002202.SZ) was trading in a bearish 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 : 7.85, 7.95, 8.08, 8.38, 9.05, 9.07, 9.30, 10.13.
Stock Support levels : 7.72, 7.71, 7.68, 7.66, 7.64, 7.62, 7.60, 7.57, 7.48,.
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