Stock Technical indicators to notice in HTC-B (200771.SZ)
1- Last bearish trend was from 10.80 $ (4/18/2012) to 10.23 $ (4/25/2012) a 0.57 $ move 2- The current bullish trend started from 10.23 $ at 4/25/2012 and is currently trading at 10.94 $.
4- 200771.SZ current resistance level is at 10.96 which is the 127.20 % fibonacci retracement of the last 0.57 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
HTC-B (200771.SZ) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 1.200 $ height triangle which was broken up at 10.930 in higher than usual volume, target of the pattern is 12.130.
HTC-B (200771.SZ) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 9.850 and 7.770, and is currently supporting at 10.600.
HTC-B (200771.SZ) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 9.850 and 7.770, and is currently supporting at 10.600.
Stock Trading Conclusion:
HTC-B (200771.SZ) was trading in a bullish wave, which is becoming weaker .
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 : 10.96, 11.05, 11.15, 12.13.
Stock Support levels : 10.80, 10.77, 10.67, 10.67, 10.60, 10.59, 10.58, 10.51, 10.50, 10.45, 10.36, 10.23,.
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