Stock Technical indicators to notice in ShinhanEng and Const (005450.KS)
1- Last bearish trend was from 5,690.00 $ (4/20/2012) to 4,675.00 $ (5/2/2012) a 1,015.00 $ move 2- The current bullish trend started from 4,675.00 $ at 5/2/2012 and is currently trading at 4,890.00 $.
4- 005450.KS current resistance level is at 4,914.54 which is the 23.60 % fibonacci retracement of the last 1,015.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ShinhanEng and Const (005450.KS) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 1,900.000 $ height triangle.
ShinhanEng and Const (005450.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 5,690.000 and 6,500.000, and is currently resisting at 5,447.000.
ShinhanEng and Const (005450.KS) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 5,690.000 and 6,900.000, and is currently resisting at 5,360.000.
Stock Trading Conclusion:
ShinhanEng and Const (005450.KS) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 4,914.54, 5,062.73, 5,182.50, 5,302.27, 5,360.00, 5,447.00, 5,690.00, 5,966.08, 6,317.27.
Stock Support levels : 4,839.26, 4,807.87, 4,782.50, 4,757.13, 4,675.00,.
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