Stock Technical indicators to notice in SamsungTechwin (012450.KS)
1- Last bearish trend was from 71,600.00 $ (3/26/2012) to 63,000.00 $ (4/16/2012) a 8,600.00 $ move 2- The current bullish trend started from 63,000.00 $ at 4/16/2012 and is currently trading at 69,800.00 $.
4- 012450.KS current resistance level is at 71,600.00 which is the 100.00 % fibonacci retracement of the last 8,600.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SamsungTechwin (012450.KS) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 71,600.000 .
SamsungTechwin (012450.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 63,000.000 and 53,000.000, and is currently supporting at 65,363.637.
SamsungTechwin (012450.KS) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 63,000.000 and 51,300.000, and is currently supporting at 64,925.316.
Stock Trading Conclusion:
SamsungTechwin (012450.KS) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 71,600.00, 71,950.00, 72,450.00, 72,950.00, 73,939.20, 76,914.80.
Stock Support levels : 68,314.80, 68,195.20, 67,300.00, 67,202.40, 66,400.00, 66,285.20, 65,597.60, 65,363.64, 65,029.60, 64,925.32, 63,000.00,.
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