Stock Technical indicators to notice in Daesang(2PB) (001687.KS)
1- Last bearish trend was from 8,460.00 $ (3/30/2011) to 7,630.00 $ (3/31/2011) a 830.00 $ move 2- The current bullish trend started from 7,630.00 $ at 3/31/2011 and is currently trading at 8,210.00 $.
4- 001687.KS current resistance level is at 8,460.00 which is the 100.00 % fibonacci retracement of the last 830.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
Daesang(2PB) (001687.KS) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 7,630.000 and 7,050.000 that was broken down at 7,910.000 transforming into a resistance line.
Daesang(2PB) (001687.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 7,630.000 and 6,300.000 that was broken down at 8,250.000 transforming into a resistance line.
Daesang(2PB) (001687.KS) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 6,300.000 .
Stock Trading Conclusion:
Daesang(2PB) (001687.KS) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 8,460.00, 8,685.76, 8,972.94, 9,093.00, 9,756.67.
Stock Support levels : 8,142.94, 8,073.12, 8,045.00, 7,988.44, 7,947.06, 7,920.00, 7,851.56, 7,825.88, 7,630.00, 6,338.18,.
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