Stock Technical indicators to notice in LIER CHEMICAL (002258.SZ)
1- Last bearish trend was from 10.20 $ (4/19/2012) to 9.57 $ (4/24/2012) a 0.63 $ move 2- The current bullish trend started from 9.57 $ at 4/24/2012 and is currently trading at 10.03 $.
4- 002258.SZ current resistance level is at 10.20 which is the 100.00 % fibonacci retracement of the last 0.63 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
LIER CHEMICAL (002258.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 1.730 $ height triangle which was broken up at 9.890 in higher than usual volume, target of the pattern is 11.620.
LIER CHEMICAL (002258.SZ) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 2.050 $ height triangle which was broken up at 9.890 in higher than usual volume, target of the pattern is 11.940.
LIER CHEMICAL (002258.SZ) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
LIER CHEMICAL (002258.SZ) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 10.20, 10.37, 10.59, 11.62, 11.94.
Stock Support levels : 9.96, 9.92, 9.89, 9.85, 9.85, 9.81, 9.80, 9.75, 9.72, 9.57,.
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