Stock Technical indicators to notice in Yuhan(1P) (000105.KS)
1- Last bullish trend was from 90,000.00 $ (4/30/2012) to 99,800.00 $ (5/2/2012) a 9,800.00 $ move 2- The current bearish trend started from 99,800.00 $ at 5/2/2012 and is currently trading at 88,600.00 $.
4- 000105.KS current resistance level is at 90,000.00 which is the 100.00 % fibonacci retracement of the last 9,800.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Yuhan(1P) (000105.KS) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 90,000.000 and 87,900.000 that was broken down at 88,600.000 transforming into a resistance line.
Yuhan(1P) (000105.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 90,000.000 and 87,900.000 that was broken down at 88,600.000 transforming into a resistance line.
Yuhan(1P) (000105.KS) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 99,800.000 and 112,000.000, and is currently resisting at 99,537.633.
Stock Trading Conclusion:
Yuhan(1P) (000105.KS) 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 : 90,000.00, 91,243.20, 91,575.00, 92,878.40, 93,743.60, 94,200.00, 94,900.00, 95,521.60, 96,056.40, 97,487.20, 99,537.63, 99,800.00,.
Stock Support levels : 87,334.40,.
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