Stock Technical indicators to notice in YAGEO CORP TWD10 (2327.TW)
1- Last bearish trend was from 8.94 $ (4/16/2012) to 8.36 $ (4/24/2012) a 0.58 $ move 2- The current bullish trend started from 8.36 $ at 4/24/2012 and is currently trading at 8.49 $.
4- 2327.TW current resistance level is at 8.50 which is the 23.60 % fibonacci retracement of the last 0.58 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
YAGEO CORP TWD10 (2327.TW) Short term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 8.940 and 10.200 that was broken up at 8.400 transforming into a supporting line.
YAGEO CORP TWD10 (2327.TW) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 9.210 and 7.330 that was broken down at 10.200 transforming into a resistance line.
YAGEO CORP TWD10 (2327.TW) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
YAGEO CORP TWD10 (2327.TW) was trading in a 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 : 8.50, 8.58, 8.65, 8.72, 8.94, 9.10, 9.30, 9.86, 10.20, 21.74.
Stock Support levels : 8.46, 8.44, 8.42, 8.41, 8.36,.
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