Stock Technical indicators to notice in SEGCL-B (200058.SZ)
1- Last bearish trend was from 3.05 $ (1/4/2011) to 2.86 $ (1/25/2011) a 0.19 $ move 2- The current bullish trend started from 2.86 $ at 1/25/2011 and is currently trading at 3.03 $.
4- 200058.SZ current resistance level is at 3.05 which is the 100.00 % fibonacci retracement of the last 0.19 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SEGCL-B (200058.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 3.050 and 3.140 that was broken up at 2.940 transforming into a supporting line.
SEGCL-B (200058.SZ) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 3.430 .
SEGCL-B (200058.SZ) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 2.570 and 2.490 that was broken down at 3.010 transforming into a resistance line.
Stock Trading Conclusion:
SEGCL-B (200058.SZ) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 3.04, 3.05, 3.10, 3.17, 3.43.
Stock Support levels : 2.99, 2.98, 2.97, 2.95, 2.94, 2.93, 2.92, 2.90, 2.86,.
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