Stock Technical indicators to notice in NongshimHoldings (072710.KS)
1- Last bearish trend was from 51,700.00 $ (12/19/2011) to 49,550.00 $ (12/28/2011) a 2,150.00 $ move 2- The current bullish trend started from 49,550.00 $ at 12/28/2011 and is currently trading at 51,200.00 $.
4- 072710.KS current resistance level is at 51,700.00 which is the 100.00 % fibonacci retracement of the last 2,150.00 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
NongshimHoldings (072710.KS) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 49,550.000 and 47,400.000 that was broken down at 51,000.000 transforming into a resistance line.
NongshimHoldings (072710.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 64,500.000 and 66,600.000, and is currently resisting at 62,770.043.
NongshimHoldings (072710.KS) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 47,400.000 and 53,200.000,resistance between 64,500.000 and 74,400.000, the stock channel is currently supported from below by 45,846.996 and resisted from above by 59,728.609.
Stock Trading Conclusion:
NongshimHoldings (072710.KS) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 51,451.92, 51,700.00, 52,284.80, 53,028.70, 62,770.04.
Stock Support levels : 50,878.70, 50,810.60, 50,625.00, 50,569.70, 50,375.00, 50,371.30, 50,180.30, 50,057.40, 49,550.00,.
