Stock Technical indicators to notice in CHINA DIG TV HO ADR (49C1.SG)
1- Last bullish trend was from 2.43 $ (4/10/2012) to 2.73 $ (4/26/2012) a 0.30 $ move 2- The current bearish trend started from 2.73 $ at 4/26/2012 and is currently trading at 2.61 $.
4- 49C1.SG current resistance level is at 2.62 which is the 38.20 % fibonacci retracement of the last 0.30 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CHINA DIG TV HO ADR (49C1.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 2.730 and 2.960, and is currently resisting at 2.695.
CHINA DIG TV HO ADR (49C1.SG) Mid term stock chart patterns for internet stock trading :
None.
CHINA DIG TV HO ADR (49C1.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 2.960 and 3.030, and is currently resisting at 2.914.
Stock Trading Conclusion:
CHINA DIG TV HO ADR (49C1.SG) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 2.62, 2.64, 2.66, 2.66, 2.67, 2.68, 2.69, 2.73, 2.91.
Stock Support levels : 2.58, 2.54, 2.43, 2.35,.
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