Stock Technical indicators to notice in SGWICUS (004060.KS)
1- Last bearish trend was from 339.00 $ (1/25/2012) to 324.00 $ (1/30/2012) a 15.00 $ move 2- The current bullish trend started from 324.00 $ at 1/30/2012 and is currently trading at 340.00 $.
4- 004060.KS current resistance level is at 343.08 which is the 127.20 % fibonacci retracement of the last 15.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
6- Bearish Divergance in MACD Indicator .
SGWICUS (004060.KS) Short term stock chart patterns for internet stock trading :
7- The Stock formed a 20.000 $ height triangle which was broken up at 339.000 in higher than usual volume, target of the pattern is 359.000.
SGWICUS (004060.KS) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 289.000 and 260.000 that was broken down at 337.000 transforming into a resistance line.
SGWICUS (004060.KS) Long term stock chart patterns for internet stock trading :
9- The Stock formed a 76.000 $ height triangle which was broken up at 310.000 in higher than usual volume, target of the pattern is 386.000.
Stock Trading Conclusion:
SGWICUS (004060.KS) was trading in a strong bullish wave, which is becoming stronger .
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 : 343.08, 348.27, 356.67, 359.00, 386.00.
Stock Support levels : 339.00, 337.36, 336.22, 333.89, 333.27, 332.00, 331.50, 330.11, 329.73, 327.54, 324.00,.
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