Today we will analyze the stock GRAND CATHAY SECS C/W 29/6/9(SI (71856.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in GRAND CATHAY SECS C/W 29/6/9(SI (71856.TWO)
1- Last bearish trend was from 4.00 $ (6/17/2009) to 2.70 $ (6/24/2009) a 1.30 $ move 2- The current bullish trend started from 2.70 $ at 6/24/2009 and is currently trading at 3.51 $.
3- 71856.TWO current support level is at 3.50 which is the 61.80 % fibonacci retracement of the last 1.30 $ move.
4- 71856.TWO current resistance level is at 4.00 which is the 100.00 % fibonacci retracement of the last 1.30 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
GRAND CATHAY SECS C/W 29/6/9(SI (71856.TWO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 4.000 and 4.990 that was broken up at 3.510 transforming into a supporting line.
GRAND CATHAY SECS C/W 29/6/9(SI (71856.TWO) Mid term stock chart patterns for internet stock trading :

None.
GRAND CATHAY SECS C/W 29/6/9(SI (71856.TWO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
GRAND CATHAY SECS C/W 29/6/9(SI (71856.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 : 4.00, 4.35, 4.80.
Stock Support levels : 3.51, 3.50, 3.35, 3.32, 3.20, 3.20, 3.11, 3.01, 3.01, 2.70,.