Stock Technical indicators to notice in Dongbu HiTek(2PB) (000997.KS)
1- Last bearish trend was from 16,750.00 $ (5/2/2012) to 14,350.00 $ (5/3/2012) a 2,400.00 $ move 2- The current bullish trend started from 14,350.00 $ at 5/3/2012 and is currently trading at 17,900.00 $.
4- 000997.KS current resistance level is at 18,233.20 which is the 161.80 % fibonacci retracement of the last 2,400.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
Dongbu HiTek(2PB) (000997.KS) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 14,350.000 and 14,650.000,resistance between 16,750.000 and 17,100.000 which was broken up at 17,900.000.
Dongbu HiTek(2PB) (000997.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 14,350.000 and 14,650.000,resistance between 16,750.000 and 17,100.000 which was broken up at 17,900.000.
Dongbu HiTek(2PB) (000997.KS) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 14,350.000 and 14,650.000,resistance between 16,750.000 and 17,100.000 which was broken up at 17,900.000.
Stock Trading Conclusion:
Dongbu HiTek(2PB) (000997.KS) was trading in a strong bearish wave, which is becoming stronger .
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 : 18,233.20, 22,565.38.
Stock Support levels : 17,402.80, 17,062.20, 16,750.00, 16,543.90, 16,400.00, 16,125.00, 15,833.20, 15,706.10, 15,550.00, 15,266.80, 14,916.40, 14,350.00,.
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