Stock Technical indicators to notice in DaehanCtyGas (026870.KS)
1- Last bullish trend was from 32,650.00 $ (2/17/2012) to 35,950.00 $ (2/24/2012) a 3,300.00 $ move 2- The current bearish trend started from 35,950.00 $ at 2/24/2012 and is currently trading at 28,500.00 $.
DaehanCtyGas (026870.KS) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 32,650.000 and 28,750.000 that was broken down at 33,900.000 transforming into a resistance line.
DaehanCtyGas (026870.KS) Mid term stock chart patterns for internet stock trading :
5- The Stock traded in a bullish stock channel identifed by support at 32,650.000 and 26,600.000,resistance between 35,950.000 and 35,600.000 which was broken down at 32,100.000 in higher than usual volume.
DaehanCtyGas (026870.KS) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 26,600.000 and 25,700.000, and is currently supporting at 27,035.715.
Stock Trading Conclusion:
DaehanCtyGas (026870.KS) was trading in a bullish wave, which is becoming stronger .
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 : 30,258.20, 31,345.90, 32,225.00, 33,104.10, 35,051.53, 35,950.00, 39,892.86.
Stock Support levels : 27,035.71.
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