Stock Technical indicators to notice in SHENZHEN EXPRE-H- (SHZH.SG)
1- Last bullish trend was from 0.31 $ (3/4/2014) to 0.33 $ (3/5/2014) a 0.02 $ move 2- The current bearish trend started from 0.33 $ at 3/5/2014 and is currently trading at 0.31 $.
4- SHZH.SG current resistance level is at 0.31 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SHENZHEN EXPRE-H- (SHZH.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.310 .
SHENZHEN EXPRE-H- (SHZH.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 0.330 .
8- The Stock formed a 0.030 $ height triangle which was broken down at 0.310, target of the pattern is 0.280.
SHENZHEN EXPRE-H- (SHZH.SG) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 0.300 and 0.240 that was broken down at 0.310 transforming into a resistance line.
Stock Trading Conclusion:
SHENZHEN EXPRE-H- (SHZH.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 : 0.311, 0.315, 0.318, 0.320, 0.320, 0.322, 0.325, 0.330,.
Stock Support levels : 0.305, 0.298,.