Stock Technical indicators to notice in ChunghoElcom (012410.KS)
1- Last bearish trend was from 3,980.00 $ (1/9/2012) to 3,735.00 $ (1/19/2012) a 245.00 $ move 2- The current bullish trend started from 3,735.00 $ at 1/19/2012 and is currently trading at 4,795.00 $.
ChunghoElcom (012410.KS) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 3,980.000 and 4,580.000 that was broken up at 3,875.000 transforming into a supporting line.
ChunghoElcom (012410.KS) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 4,580.000 and 4,670.000 that was broken up at 4,460.000 transforming into a supporting line.
ChunghoElcom (012410.KS) Long term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 3,735.000 and 4,185.000,resistance between 4,580.000 and 4,870.000 which was broken up at 4,460.000 in higher than usual volume.
Stock Trading Conclusion:
ChunghoElcom (012410.KS) was trading in a strong 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 : .
Stock Support levels : 4,544.84, 4,390.08, 4,328.00, 4,265.00, 4,139.92, 3,955.38, 3,735.00,.
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