Stock Technical indicators to notice in CHANDER ELECTRONIC TWD10 (8068.TWO)
1- Last bullish trend was from 16.05 $ (4/24/2012) to 16.85 $ (4/25/2012) a 0.80 $ move 2- The current bearish trend started from 16.85 $ at 4/25/2012 and is currently trading at 11.10 $.
CHANDER ELECTRONIC TWD10 (8068.TWO) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bearish stock channel identifed by support at 16.050 and 17.800,resistance between 16.850 and 18.400 which was broken down at 13.700 in higher than usual volume.
CHANDER ELECTRONIC TWD10 (8068.TWO) Mid term stock chart patterns for internet stock trading :
5- The Stock traded in a bearish stock channel identifed by support at 18.350 and 42.250,resistance between 19.950 and 45.200 which was broken up at 18.800.
CHANDER ELECTRONIC TWD10 (8068.TWO) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 17.800 and 17.000 that was broken down at 18.800 transforming into a resistance line.
Stock Trading Conclusion:
CHANDER ELECTRONIC TWD10 (8068.TWO) 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 : 12.46, 12.55, 13.30, 13.98, 14.65, 16.85, 20.52.
Stock Support levels : 1.91.
Related Stocks
| PRIME VIEW INTL CO TWD10 |
| FENG SHENG TECH TWD10 |
| AURONA INDUSTRIES TWD10 |
| FIRICH ENTERPRISES TWD10 |
| APPLIED VACUUM COA TWD10 |