Stock Technical indicators to notice in HyundaiCement (006390.KS)
1- Last bearish trend was from 7,930.00 $ (4/13/2012) to 7,100.00 $ (4/25/2012) a 830.00 $ move 2- The current bullish trend started from 7,100.00 $ at 4/25/2012 and is currently trading at 7,360.00 $.
4- 006390.KS current resistance level is at 7,417.06 which is the 38.20 % fibonacci retracement of the last 830.00 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
HyundaiCement (006390.KS) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 7,930.000 and 8,500.000 that was broken up at 7,280.000 transforming into a supporting line.
HyundaiCement (006390.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 4,750.000 $ height triangle which was broken up at 8,340.000, target of the pattern is 13,090.000 which was broken down at 8,700.000 in higher than usual volume, target of the pattern is 3,950.000.
HyundaiCement (006390.KS) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
HyundaiCement (006390.KS) was trading in a 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 : 7,417.06, 7,515.00, 7,612.94, 7,930.00, 8,155.76, 8,442.94, 10,781.37, 13,090.00.
Stock Support levels : 7,298.64, 7,295.88, 7,260.68, 7,230.00, 7,204.55, 7,199.32, 7,100.00, 5,474.62,.
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