Stock Technical indicators to notice in HIMAX TECH SP ADR (H6Q.SG)
1- Last bearish trend was from 1.11 $ (1/19/2012) to 0.97 $ (1/24/2012) a 0.14 $ move 2- The current bullish trend started from 0.97 $ at 1/24/2012 and is currently trading at 1.14 $.
4- H6Q.SG current resistance level is at 1.15 which is the 127.20 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
HIMAX TECH SP ADR (H6Q.SG) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 0.970 and 0.740,resistance between 1.110 and 0.780, the stock channel is currently supported from below by 1.062 and resisted from above by 1.223.
HIMAX TECH SP ADR (H6Q.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 0.970 and 0.740, and is currently supporting at 1.062.
HIMAX TECH SP ADR (H6Q.SG) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 0.780 $ height triangle which was broken up at 1.140, target of the pattern is 1.920.
Stock Trading Conclusion:
HIMAX TECH SP ADR (H6Q.SG) was trading in a strong 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 : 1.15, 1.20, 1.92.
Stock Support levels : 1.11, 1.10, 1.08, 1.08, 1.06, 1.06, 1.06, 1.04, 1.03, 1.02, 1.00, 0.97,.
