Stock Technical indicators to notice in SJZBS-B (200413.SZ)
1- Last bullish trend was from 5.73 $ (3/30/2012) to 6.48 $ (4/25/2012) a 0.75 $ move 2- The current bearish trend started from 6.48 $ at 4/25/2012 and is currently trading at 6.19 $.
4- 200413.SZ current resistance level is at 6.19 which is the 38.20 % fibonacci retracement of the last 0.75 $ move.
5- According to ADX Indicator, the trend is currently bullish,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.
SJZBS-B (200413.SZ) Short term stock chart patterns for internet stock trading :
None.
SJZBS-B (200413.SZ) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 6.390 and 6.780 that was broken up at 5.880 transforming into a supporting line.
SJZBS-B (200413.SZ) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 6.390 and 6.780 that was broken up at 5.880 transforming into a supporting line.
Stock Trading Conclusion:
SJZBS-B (200413.SZ) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , 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 : 6.19, 6.26, 6.30, 6.30, 6.34, 6.37, 6.48,.
Stock Support levels : 6.11, 6.02, 5.73, 5.72, 5.53,.
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