Stock Technical indicators to notice in LG Corp. (003550.KS)
1- Last bullish trend was from 64,600.00 $ (3/26/2012) to 67,000.00 $ (3/27/2012) a 2,400.00 $ move 2- The current bearish trend started from 67,000.00 $ at 3/27/2012 and is currently trading at 59,300.00 $.
LG Corp. (003550.KS) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 67,000.000 and 70,400.000 that was broken up at 59,300.000 transforming into a supporting line.
LG Corp. (003550.KS) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 58,500.000 and 55,800.000 that was broken down at 67,900.000 transforming into a resistance line.
LG Corp. (003550.KS) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 58,500.000 and 55,800.000 that was broken down at 67,900.000 transforming into a resistance line.
Stock Trading Conclusion:
LG Corp. (003550.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 : 61,117.20, 62,241.40, 63,150.00, 64,058.60, 67,000.00, 73,270.59,.
Stock Support levels : 57,177.78.
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