Stock Technical indicators to notice in SHENZHEN INVT LTD (SHS.SG)
1- Last bullish trend was from 0.24 $ (2/10/2014) to 0.28 $ (2/14/2014) a 0.04 $ move 2- The current bearish trend started from 0.28 $ at 2/14/2014 and is currently trading at 0.22 $.
4- SHS.SG current resistance level is at 0.23 which is the 127.20 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SHENZHEN INVT LTD (SHS.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.240 that failed and formed a resistance.
SHENZHEN INVT LTD (SHS.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.280 and 0.290, and is currently resisting at 0.277.
SHENZHEN INVT LTD (SHS.SG) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 0.110 $ height triangle which was broken down at 0.240, target of the pattern is 0.130.
Stock Trading Conclusion:
SHENZHEN INVT LTD (SHS.SG) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 0.229, 0.234, 0.240, 0.243, 0.246, 0.250, 0.255, 0.257, 0.260, 0.265, 0.271, 0.277, 0.280,.
Stock Support levels : 0.215,.