Stock Technical indicators to notice in DAEWOONG PHARM (069620.KS)
1- Last bearish trend was from 28,500.00 $ (3/14/2012) to 23,600.00 $ (4/10/2012) a 4,900.00 $ move 2- The current bullish trend started from 23,600.00 $ at 4/10/2012 and is currently trading at 25,100.00 $.
4- 069620.KS current resistance level is at 25,471.80 which is the 38.20 % fibonacci retracement of the last 4,900.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
DAEWOONG PHARM (069620.KS) Short term stock chart patterns for internet stock trading :
None.
DAEWOONG PHARM (069620.KS) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 28,500.000 and 30,450.000, and is currently resisting at 26,983.334.
DAEWOONG PHARM (069620.KS) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 30,450.000 and 43,556.672 that was broken up at 27,200.000 transforming into a supporting line.
Stock Trading Conclusion:
DAEWOONG PHARM (069620.KS) was trading in a strong bearish 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 : 25,471.80, 26,050.00, 26,628.20, 26,983.33, 28,500.00, 29,832.80, 31,528.20.
Stock Support levels : 24,756.40, 24,746.00, 24,527.00, 24,350.00, 24,173.00, 23,600.00,.
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