Stock Technical indicators to notice in SunnyElec (004770.KS)
1- Last bearish trend was from 3,900.00 $ (4/30/2012) to 2,910.00 $ (5/3/2012) a 990.00 $ move 2- The current bullish trend started from 2,910.00 $ at 5/3/2012 and is currently trading at 3,345.00 $.
4- 004770.KS current resistance level is at 3,405.00 which is the 50.00 % fibonacci retracement of the last 990.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
SunnyElec (004770.KS) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 2,910.000 and 684.000, and is currently supporting at 3,033.667.
SunnyElec (004770.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 2,910.000 and 684.000, and is currently supporting at 3,033.667.
SunnyElec (004770.KS) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 2,910.000 and 653.000,resistance between 3,900.000 and 898.000, the stock channel is currently supported from below by 2,996.808 and resisted from above by 4,164.882.
Stock Trading Conclusion:
SunnyElec (004770.KS) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 3,405.00, 3,521.82, 3,900.00, 4,169.28, 4,511.82.
Stock Support levels : 3,288.18, 3,242.34, 3,178.83, 3,143.64, 3,127.50, 3,076.17, 3,033.67, 2,910.00,.
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