Stock Technical indicators to notice in SKChem (006120.KS)
1- Last bearish trend was from 64,200.00 $ (3/28/2012) to 55,300.00 $ (4/27/2012) a 8,900.00 $ move 2- The current bullish trend started from 55,300.00 $ at 4/27/2012 and is currently trading at 59,300.00 $.
4- 006120.KS current resistance level is at 59,750.00 which is the 50.00 % fibonacci retracement of the last 8,900.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
SKChem (006120.KS) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 64,200.000 and 70,500.000 that was broken up at 56,500.000 transforming into a supporting line.
SKChem (006120.KS) Mid term stock chart patterns for internet stock trading :
None.
SKChem (006120.KS) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
SKChem (006120.KS) was trading in a strong bearish wave, which is becoming weaker .
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 : 59,750.00, 60,800.20, 64,200.00, 66,620.80, 69,700.20.
Stock Support levels : 58,699.80, 58,356.00, 57,772.00, 57,400.40, 57,300.00, 56,828.00, 55,450.00, 55,300.00,.
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