Stock Technical indicators to notice in SamaAlum (006110.KS)
1- Last bullish trend was from 2,700.00 $ (4/9/2012) to 2,810.00 $ (4/19/2012) a 110.00 $ move 2- The current bearish trend started from 2,810.00 $ at 4/19/2012 and is currently trading at 2,610.00 $.
SamaAlum (006110.KS) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Top Pattern at 2,810.000 .
5- The Stock formed a 160.000 $ height triangle which was broken down at 2,780.000, target of the pattern is 2,620.000.
SamaAlum (006110.KS) Mid term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 2,640.000 and 2,850.000,resistance between 2,810.000 and 3,095.000, the stock channel is currently supported from below by 2,468.889 and resisted from above by 2,720.938.
SamaAlum (006110.KS) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 730.000 $ height triangle.
Stock Trading Conclusion:
SamaAlum (006110.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 : 2,657.20, 2,686.40, 2,710.00, 2,733.60, 2,810.00, 2,822.50, 2,904.00.
Stock Support levels :.
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