Stock Technical indicators to notice in TAIWAN PAIHO TWD10 (9938.TW)
1- Last bearish trend was from 21.95 $ (4/13/2012) to 20.65 $ (4/23/2012) a 1.30 $ move 2- The current bullish trend started from 20.65 $ at 4/23/2012 and is currently trading at 22.60 $.
4- 9938.TW current resistance level is at 22.75 which is the 161.80 % fibonacci retracement of the last 1.30 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
TAIWAN PAIHO TWD10 (9938.TW) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 21.950 and 25.300 that was broken up at 20.700 transforming into a supporting line.
TAIWAN PAIHO TWD10 (9938.TW) Mid term stock chart patterns for internet stock trading :
None.
TAIWAN PAIHO TWD10 (9938.TW) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 20.650 and 19.850, and is currently supporting at 20.737.
Stock Trading Conclusion:
TAIWAN PAIHO TWD10 (9938.TW) was trading in a strong bullish wave, which is becoming weaker .
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 : 22.75.
Stock Support levels : 22.30, 22.14, 21.95, 21.86, 21.63, 21.45, 21.39, 21.30, 21.15, 20.96, 20.74, 20.65,.
Related Stocks
| TAIWAN HON CHUAN E TWD10 |
| SINYI REALTY INC. TWD10 |
| TAIWAN ACCEPTANCE TWD10 |
| NAK SEALING TECHN TWD10 |
| HOLIDAY ENTERTAINM TWD10 |
