Stock Technical indicators to notice in KAL (003490.KS)
1- Last bearish trend was from 51,600.00 $ (4/2/2012) to 43,950.00 $ (4/26/2012) a 7,650.00 $ move 2- The current bullish trend started from 43,950.00 $ at 4/26/2012 and is currently trading at 48,200.00 $.
4- 003490.KS current resistance level is at 48,677.70 which is the 61.80 % fibonacci retracement of the last 7,650.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
KAL (003490.KS) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 51,600.000 and 56,200.000 that was broken up at 45,600.000 transforming into a supporting line.
KAL (003490.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 56,200.000 and 58,100.000, and is currently resisting at 52,288.234.
KAL (003490.KS) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 56,200.000 and 58,100.000, and is currently resisting at 52,288.234.
Stock Trading Conclusion:
KAL (003490.KS) was trading in a strong bearish wave, which is becoming weaker .
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 : 48,677.70, 51,600.00, 52,288.23, 53,680.80, 56,327.70.
Stock Support levels : 47,775.00, 47,197.00, 46,872.30, 46,576.50, 46,075.00, 45,755.40, 45,573.50, 43,950.00,.
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