Stock Technical indicators to notice in HUMON SHARE (002237.SZ)
1- Last bearish trend was from 36.46 $ (3/19/2012) to 33.12 $ (3/30/2012) a 3.34 $ move 2- The current bullish trend started from 33.12 $ at 3/30/2012 and is currently trading at 39.18 $.
HUMON SHARE (002237.SZ) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 36.460 and 36.970 that was broken up at 35.230 transforming into a supporting line.
HUMON SHARE (002237.SZ) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 33.120 and 30.400, and is currently supporting at 34.230.
HUMON SHARE (002237.SZ) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 10.410 $ height triangle which was broken up at 38.430 in higher than usual volume, target of the pattern is 48.840.
Stock Trading Conclusion:
HUMON SHARE (002237.SZ) was trading in a strong 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 : 48.84.
Stock Support levels : 37.75, 37.28, 36.87, 36.15, 35.43, 34.23, 33.12,.