Stock Technical indicators to notice in CHUN YU WORKS and CO TWD10 (2012.TW)
1- Last bearish trend was from 10.45 $ (2/20/2012) to 8.91 $ (4/5/2012) a 1.54 $ move 2- The current bullish trend started from 8.91 $ at 4/5/2012 and is currently trading at 9.27 $.
4- 2012.TW current resistance level is at 9.27 which is the 23.60 % fibonacci retracement of the last 1.54 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
CHUN YU WORKS and CO TWD10 (2012.TW) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 8.910 .
CHUN YU WORKS and CO TWD10 (2012.TW) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 8.800 .
CHUN YU WORKS and CO TWD10 (2012.TW) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 8.800 .
Stock Trading Conclusion:
CHUN YU WORKS and CO TWD10 (2012.TW) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 9.27, 9.50, 9.68, 9.86, 10.45, 10.87, 11.40.
Stock Support levels : 9.19, 9.13, 9.09, 9.05, 8.91, 8.91, 8.90, 8.90, 8.80,.
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