Stock Technical indicators to notice in ORION (001800.KS)
1- Last bullish trend was from 606,000.00 $ (1/19/2012) to 684,000.00 $ (1/31/2012) a 78,000.00 $ move 2- The current bearish trend started from 684,000.00 $ at 1/31/2012 and is currently trading at 640,000.00 $.
4- 001800.KS current resistance level is at 645,000.00 which is the 50.00 % fibonacci retracement of the last 78,000.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
ORION (001800.KS) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 684,000.000 .
7- The Stock formed a 98,000.000 $ height triangle.
ORION (001800.KS) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 684,000.000 .
9- The Stock formed a 98,000.000 $ height triangle.
ORION (001800.KS) Long term stock chart patterns for internet stock trading :
10- The Stock was supported by a support line, identified by two points: 606,000.000 and 584,000.000, and is currently supporting at 611,176.500.
Stock Trading Conclusion:
ORION (001800.KS) was trading in a bullish wave, which is becoming weaker .
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 : 645,000.00, 650,384.00, 654,204.00, 656,808.00, 662,000.00, 665,592.00, 667,192.00, 684,000.00, 684,181.81,.
Stock Support levels : 635,796.00, 611,176.50, 606,000.00, 584,784.00, 584,000.00,.
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