Stock Technical indicators to notice in Hanwha(1P) (000885.KS)
1- Last bullish trend was from 12,450.00 $ (1/6/2012) to 13,250.00 $ (1/12/2012) a 800.00 $ move 2- The current bearish trend started from 13,250.00 $ at 1/12/2012 and is currently trading at 12,900.00 $.
4- 000885.KS current resistance level is at 12,944.40 which is the 38.20 % fibonacci retracement of the last 800.00 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Hanwha(1P) (000885.KS) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 13,250.000 and 13,950.000 that was broken up at 12,850.000 transforming into a supporting line.
Hanwha(1P) (000885.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 15,000.000 and 15,750.000 that was broken up at 14,850.000 transforming into a supporting line.
Hanwha(1P) (000885.KS) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
Hanwha(1P) (000885.KS) 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 : 12,944.40, 12,982.60, 13,033.70, 13,061.20, 13,075.00, 13,116.30, 13,250.00,.
Stock Support levels : 12,850.00, 12,755.60, 12,681.25, 12,450.00, 12,232.40, 11,955.60,.
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