Stock Technical indicators to notice in Duksung (004830.KS)
1- Last bullish trend was from 2,130.00 $ (4/25/2012) to 2,300.00 $ (4/27/2012) a 170.00 $ move 2- The current bearish trend started from 2,300.00 $ at 4/27/2012 and is currently trading at 2,200.00 $.
4- 004830.KS current resistance level is at 2,215.00 which is the 50.00 % fibonacci retracement of the last 170.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Duksung (004830.KS) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 400.000 $ height triangle which was broken down at 2,200.000, target of the pattern is 1,800.000.
Duksung (004830.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 480.000 $ height triangle which was broken down at 2,200.000, target of the pattern is 1,720.000.
Duksung (004830.KS) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 2,400.000 and 2,480.000, and is currently resisting at 2,320.000.
Stock Trading Conclusion:
Duksung (004830.KS) was trading in a strong bullish 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 : 2,200.91, 2,215.00, 2,223.60, 2,235.06, 2,238.20, 2,250.00, 2,259.88, 2,261.80, 2,300.00, 2,320.00.
Stock Support levels : 2,194.94, 2,130.00, 2,083.76, 2,024.94, 1,800.00,.
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