Stock Technical indicators to notice in HSG and CONSTR HLDG (HUCN.TA)
1- Last bearish trend was from 379.80 $ (4/2/2009) to 350.00 $ (4/6/2009) a 29.80 $ move 2- The current bullish trend started from 350.00 $ at 4/6/2009 and is currently trading at 446.70 $.
HSG and CONSTR HLDG (HUCN.TA) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 350.000 and 321.800 that was broken down at 450.000 transforming into a resistance line.
HSG and CONSTR HLDG (HUCN.TA) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 350.000 and 265.900, and is currently supporting at 439.707.
HSG and CONSTR HLDG (HUCN.TA) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 265.900 and 220.000, and is currently supporting at 303.345.
Stock Trading Conclusion:
HSG and CONSTR HLDG (HUCN.TA) was trading in a strong bullish 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 : 462.80.
Stock Support levels : 439.71, 423.88, 409.76, 398.35, 386.94, 350.00,.