Stock Technical indicators to notice in YOKO TECHNOLOGY TWD10 (6131.TW)
1- Last bearish trend was from 14.80 $ (3/22/2012) to 11.85 $ (4/30/2012) a 2.95 $ move 2- The current bullish trend started from 11.85 $ at 4/30/2012 and is currently trading at 12.25 $.
4- 6131.TW current resistance level is at 12.55 which is the 23.60 % fibonacci retracement of the last 2.95 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
YOKO TECHNOLOGY TWD10 (6131.TW) Short term stock chart patterns for internet stock trading :
None.
YOKO TECHNOLOGY TWD10 (6131.TW) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 13.350 and 12.250 that was broken down at 13.600 transforming into a resistance line.
YOKO TECHNOLOGY TWD10 (6131.TW) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 14.800 and 15.300, and is currently resisting at 14.648.
Stock Trading Conclusion:
YOKO TECHNOLOGY TWD10 (6131.TW) was trading in a strong bearish wave, which is becoming stronger .
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 : 12.55, 12.98, 13.33, 13.67, 14.48, 14.65, 14.80, 15.60, 16.62.
Stock Support levels : 12.16, 12.10, 12.05, 12.00, 11.85,.
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