Stock Technical indicators to notice in DIXIAN-B (200160.SZ)
1- Last bearish trend was from 1.70 $ (4/26/2012) to 1.60 $ (5/3/2012) a 0.10 $ move 2- The current bullish trend started from 1.60 $ at 5/3/2012 and is currently trading at 1.67 $.
4- 200160.SZ current resistance level is at 1.70 which is the 100.00 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
DIXIAN-B (200160.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.700 and 1.710, and is currently resisting at 1.690.
DIXIAN-B (200160.SZ) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.160 and 1.030, and is currently supporting at 1.203.
DIXIAN-B (200160.SZ) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 0.500 $ height triangle which was broken up at 1.340, target of the pattern is 1.840.
Stock Trading Conclusion:
DIXIAN-B (200160.SZ) was trading in a strong bullish wave, which is becoming stronger .
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 : 1.69, 1.70, 1.73, 1.76, 1.84.
Stock Support levels : 1.66, 1.65, 1.65, 1.64, 1.64, 1.63, 1.63, 1.62, 1.60, 1.31,.
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