Stock Technical indicators to notice in FnCKOLON(1P) (001375.KS)
1- Last bullish trend was from 9,300.00 $ (7/13/2009) to 10,300.00 $ (7/27/2009) a 1,000.00 $ move 2- The current bearish trend started from 10,300.00 $ at 7/27/2009 and is currently trading at 6,970.00 $.
FnCKOLON(1P) (001375.KS) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Bottom Pattern at 9,300.000 that failed and formed a resistance.
FnCKOLON(1P) (001375.KS) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 9,300.000 and 6,550.000 that was broken down at 6,970.000 transforming into a resistance line.
FnCKOLON(1P) (001375.KS) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 5,560.000 and 5,060.000, and is currently supporting at 6,776.667.
Stock Trading Conclusion:
FnCKOLON(1P) (001375.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 : 7,755.88, 8,242.06, 8,635.00, 9,027.94, 9,228.89, 10,300.00, 10,522.22.
Stock Support levels :.
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