Stock Technical indicators to notice in GINAR TECHNOLOGY TWD10 (6151.TWO)
1- Last bearish trend was from 27.50 $ (4/16/2012) to 24.75 $ (4/24/2012) a 2.75 $ move 2- The current bullish trend started from 24.75 $ at 4/24/2012 and is currently trading at 26.10 $.
4- 6151.TWO current resistance level is at 26.13 which is the 50.00 % fibonacci retracement of the last 2.75 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
GINAR TECHNOLOGY TWD10 (6151.TWO) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 27.500 and 28.850 that was broken up at 26.700 transforming into a supporting line.
GINAR TECHNOLOGY TWD10 (6151.TWO) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 24.750 and 19.750, and is currently supporting at 25.406.
GINAR TECHNOLOGY TWD10 (6151.TWO) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 19.750 and 17.900, and is currently supporting at 25.300.
Stock Trading Conclusion:
GINAR TECHNOLOGY TWD10 (6151.TWO) 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 : 26.13, 26.45, 27.50, 28.25, 29.20.
Stock Support levels : 25.80, 25.78, 25.58, 25.43, 25.41, 25.40, 25.40, 25.30, 25.27, 24.75,.
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