Stock Technical indicators to notice in Daesang (001680.KS)
1- Last bearish trend was from 18,450.00 $ (4/27/2012) to 17,200.00 $ (5/2/2012) a 1,250.00 $ move 2- The current bullish trend started from 17,200.00 $ at 5/2/2012 and is currently trading at 17,800.00 $.
4- 001680.KS current resistance level is at 17,825.00 which is the 50.00 % fibonacci retracement of the last 1,250.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
Daesang (001680.KS) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 17,200.000 and 15,700.000, and is currently supporting at 17,472.727.
Daesang (001680.KS) Mid term stock chart patterns for internet stock trading :
None.
Daesang (001680.KS) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 14,900.000 and 16,100.000 that was broken up at 15,100.000 transforming into a supporting line.
Stock Trading Conclusion:
Daesang (001680.KS) was trading in a strong bullish 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 : 17,825.00, 17,972.50, 18,450.00, 18,790.00, 19,222.50.
Stock Support levels : 17,677.50, 17,658.40, 17,570.80, 17,500.00, 17,495.00, 17,472.73, 17,429.20, 17,200.00,.
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