Stock Technical indicators to notice in SD AIRLINES-B (200152.SZ)
1- Last bearish trend was from 12.29 $ (4/5/2012) to 9.69 $ (4/19/2012) a 2.60 $ move 2- The current bullish trend started from 9.69 $ at 4/19/2012 and is currently trading at 10.40 $.
4- 200152.SZ current resistance level is at 10.68 which is the 38.20 % fibonacci retracement of the last 2.60 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SD AIRLINES-B (200152.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 12.290 and 13.880 that was broken up at 9.860 transforming into a supporting line.
SD AIRLINES-B (200152.SZ) Mid term stock chart patterns for internet stock trading :
None.
SD AIRLINES-B (200152.SZ) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 10.700 and 10.060 that was broken down at 10.870 transforming into a resistance line.
Stock Trading Conclusion:
SD AIRLINES-B (200152.SZ) was trading in a strong bearish wave, which is becoming weaker .
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 : 10.68, 10.99, 11.30, 11.83, 12.29, 13.00, 13.90.
Stock Support levels : 10.30, 10.23, 10.13, 10.05, 9.96, 9.69,.
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