Stock Technical indicators to notice in SeondoElec (007610.KS)
1- Last bearish trend was from 3,070.00 $ (4/24/2012) to 2,700.00 $ (4/30/2012) a 370.00 $ move 2- The current bullish trend started from 2,700.00 $ at 4/30/2012 and is currently trading at 2,890.00 $.
4- 007610.KS current resistance level is at 2,928.66 which is the 61.80 % fibonacci retracement of the last 370.00 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SeondoElec (007610.KS) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 3,070.000 and 3,195.000 that was broken up at 2,845.000 transforming into a supporting line.
SeondoElec (007610.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 800.000 $ height triangle.
SeondoElec (007610.KS) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 3,195.000 and 3,365.000, and is currently resisting at 3,105.000.
Stock Trading Conclusion:
SeondoElec (007610.KS) was trading in a bearish wave, which is becoming stronger .
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 : 2,928.66, 3,070.00, 3,105.00, 3,170.64, 3,298.66.
Stock Support levels : 2,885.00, 2,845.16, 2,841.34, 2,817.42, 2,795.00, 2,787.32, 2,772.58, 2,700.00,.
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