Stock Technical indicators to notice in KAL(1P) (003495.KS)
1- Last bullish trend was from 14,100.00 $ (3/29/2012) to 14,700.00 $ (3/30/2012) a 600.00 $ move 2- The current bearish trend started from 14,700.00 $ at 3/30/2012 and is currently trading at 12,450.00 $.
KAL(1P) (003495.KS) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 1,100.000 $ height triangle which was broken down at 14,000.000 in higher than usual volume, target of the pattern is 12,900.000.
KAL(1P) (003495.KS) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 3,000.000 $ height triangle which was broken down at 14,250.000 in higher than usual volume, target of the pattern is 11,250.000.
KAL(1P) (003495.KS) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 13,400.000 and 13,250.000 that was broken down at 13,350.000 transforming into a resistance line.
Stock Trading Conclusion:
KAL(1P) (003495.KS) was trading in a bearish wave, which is becoming stronger .
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 : 12,981.00, 13,309.50, 13,575.00, 13,636.44, 13,840.50, 14,209.09, 14,587.23, 14,700.00.
Stock Support levels :.
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