Stock Technical indicators to notice in LING SEN PRECISION TWD10 (2369.TW)
1- Last bearish trend was from 13.85 $ (1/5/2012) to 13.25 $ (1/12/2012) a 0.60 $ move 2- The current bullish trend started from 13.25 $ at 1/12/2012 and is currently trading at 17.75 $.
LING SEN PRECISION TWD10 (2369.TW) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bullish stock channel identifed by support at 13.250 and 12.750,resistance between 13.850 and 13.450 which was broken up at 14.650 in higher than usual volume.
LING SEN PRECISION TWD10 (2369.TW) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 14.600 and 16.500 that was broken up at 13.450 transforming into a supporting line.
LING SEN PRECISION TWD10 (2369.TW) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 14.600 and 16.800 that was broken up at 13.200 transforming into a supporting line.
Stock Trading Conclusion:
LING SEN PRECISION TWD10 (2369.TW) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : .
Stock Support levels : 16.69, 16.03, 15.50, 14.97, 14.47, 13.25, 12.00,.
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