Stock Technical indicators to notice in IlyangPharm(1P) (007575.KS)
1- Last bearish trend was from 18,450.00 $ (4/13/2012) to 17,700.00 $ (4/25/2012) a 750.00 $ move 2- The current bullish trend started from 17,700.00 $ at 4/25/2012 and is currently trading at 18,500.00 $.
4- 007575.KS current resistance level is at 18,654.00 which is the 127.20 % fibonacci retracement of the last 750.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
IlyangPharm(1P) (007575.KS) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 17,700.000 .
7- The Stock formed a 1,350.000 $ height triangle which was broken up at 17,850.000, target of the pattern is 19,200.000.
IlyangPharm(1P) (007575.KS) Mid term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 20,300.000 and 31,450.000 that was broken up at 19,250.000 transforming into a supporting line.
IlyangPharm(1P) (007575.KS) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 20,300.000 and 31,450.000 that was broken up at 19,250.000 transforming into a supporting line.
Stock Trading Conclusion:
IlyangPharm(1P) (007575.KS) was trading in a bullish 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 : 18,654.00, 18,913.50, 19,200.00.
Stock Support levels : 18,450.00, 18,311.20, 18,194.40, 18,163.50, 18,100.00, 18,075.00, 18,005.60, 17,986.50, 17,877.00, 17,727.27, 17,700.00, 17,487.50, 6,198.53,.
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