Stock Technical indicators to notice in SKNetworks(1P) (001745.KS)
1- Last bearish trend was from 13,300.00 $ (4/24/2012) to 11,950.00 $ (5/3/2012) a 1,350.00 $ move 2- The current bullish trend started from 11,950.00 $ at 5/3/2012 and is currently trading at 12,750.00 $.
4- 001745.KS current resistance level is at 12,784.30 which is the 61.80 % fibonacci retracement of the last 1,350.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
SKNetworks(1P) (001745.KS) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 13,300.000 and 14,400.000 that was broken up at 12,750.000 transforming into a supporting line.
SKNetworks(1P) (001745.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 14,400.000 and 16,000.000, and is currently resisting at 13,822.223.
SKNetworks(1P) (001745.KS) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 2,700.000 $ height triangle which was broken down at 15,750.000, target of the pattern is 13,050.000.
Stock Trading Conclusion:
SKNetworks(1P) (001745.KS) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 12,784.30, 13,300.00, 13,667.20, 13,822.22, 14,134.30, 18,300.00.
Stock Support levels : 12,625.00, 12,561.20, 12,465.70, 12,444.40, 12,350.00, 12,268.60, 12,255.60, 12,016.67, 11,950.00,.
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