Stock Technical indicators to notice in DAHUA INC (002236.SZ)
1- Last bearish trend was from 51.58 $ (4/18/2012) to 49.83 $ (4/27/2012) a 1.75 $ move 2- The current bullish trend started from 49.83 $ at 4/27/2012 and is currently trading at 52.56 $.
4- 002236.SZ current resistance level is at 52.66 which is the 161.80 % fibonacci retracement of the last 1.75 $ move.
5- According to ADX Indicator, the trend is currently bullish, 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.
DAHUA INC (002236.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 49.830 and 46.650,resistance between 51.580 and 49.000, the stock channel is currently supported from below by 50.284 and resisted from above by 53.013.
DAHUA INC (002236.SZ) Mid term stock chart patterns for internet stock trading :
None.
DAHUA INC (002236.SZ) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 14.060 $ height triangle which was broken up at 48.080, target of the pattern is 62.140.
Stock Trading Conclusion:
DAHUA INC (002236.SZ) was trading in a bullish wave, which is becoming stronger .
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 : 52.66, 62.14.
Stock Support levels : 52.06, 51.92, 51.58, 51.52, 51.20, 50.91, 50.87, 50.71, 50.50, 50.24, 49.83, 47.04, 46.62,.
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