Stock Technical indicators to notice in ACCORD PHARM.-B (200028.SZ)
1- Last bearish trend was from 17.80 $ (3/16/2012) to 14.90 $ (3/30/2012) a 2.90 $ move 2- The current bullish trend started from 14.90 $ at 3/30/2012 and is currently trading at 18.40 $.
4- 200028.SZ current resistance level is at 18.59 which is the 127.20 % fibonacci retracement of the last 2.90 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
ACCORD PHARM.-B (200028.SZ) Short term stock chart patterns for internet stock trading :
None.
ACCORD PHARM.-B (200028.SZ) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 14.900 and 13.600, and is currently supporting at 15.404.
ACCORD PHARM.-B (200028.SZ) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 14.900 and 13.600, and is currently supporting at 15.404.
Stock Trading Conclusion:
ACCORD PHARM.-B (200028.SZ) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 18.59, 19.59.
Stock Support levels : 17.80, 17.57, 17.06, 16.69, 16.65, 16.35, 16.24, 16.01, 15.58, 15.40, 14.90,.