Stock Technical indicators to notice in TONG-HWA SYNTHETIC TWD10 (1418.TW)
1- Last bearish trend was from 8.82 $ (3/8/2012) to 7.20 $ (4/24/2012) a 1.62 $ move 2- The current bullish trend started from 7.20 $ at 4/24/2012 and is currently trading at 7.65 $.
4- 1418.TW current resistance level is at 7.82 which is the 38.20 % fibonacci retracement of the last 1.62 $ move.
5- According to ADX Indicator, the trend is currently 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.
TONG-HWA SYNTHETIC TWD10 (1418.TW) Short term stock chart patterns for internet stock trading :
None.
TONG-HWA SYNTHETIC TWD10 (1418.TW) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 7.200 and 6.700, and is currently supporting at 7.249.
TONG-HWA SYNTHETIC TWD10 (1418.TW) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 6.700 and 6.280 that was broken down at 7.890 transforming into a resistance line.
Stock Trading Conclusion:
TONG-HWA SYNTHETIC TWD10 (1418.TW) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 7.82, 8.01, 8.20, 8.78, 8.82, 9.26, 9.82.
Stock Support levels : 7.58, 7.54, 7.48, 7.42, 7.37, 7.25, 7.20,.
Related Stocks
| SHINKONG TEXTILE C TWD10 |
| REWARD WOOL TWD10 |
| TAROKO TEXTILE TWD10 |
| FORMOSA TAFFETA CO TWD10 |
| CF/CHEN YEH ENTE C TWD10 |
