Stock Technical indicators to notice in KUMHOTIRE (073240.KS)
1- Last bearish trend was from 14,100.00 $ (3/13/2012) to 12,000.00 $ (4/5/2012) a 2,100.00 $ move 2- The current bullish trend started from 12,000.00 $ at 4/5/2012 and is currently trading at 14,250.00 $.
4- 073240.KS current resistance level is at 14,671.20 which is the 127.20 % fibonacci retracement of the last 2,100.00 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
KUMHOTIRE (073240.KS) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 14,100.000 that failed, and formed a support .
KUMHOTIRE (073240.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 14,100.000 and 15,250.000 that was broken up at 13,050.000 transforming into a supporting line.
KUMHOTIRE (073240.KS) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 14,100.000 and 15,250.000 that was broken up at 13,050.000 transforming into a supporting line.
Stock Trading Conclusion:
KUMHOTIRE (073240.KS) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 14,285.71, 14,671.20, 15,397.80.
Stock Support levels : 14,100.00, 13,719.00, 13,390.50, 13,297.80, 13,125.00, 13,050.00, 12,859.50, 12,802.20, 12,495.60, 12,218.18, 12,000.00,.
