Stock Technical indicators to notice in MCOCR (076850.KS)
1- Last bearish trend was from 4,745.00 $ (8/25/2009) to 4,050.00 $ (9/21/2009) a 695.00 $ move 2- The current bullish trend started from 4,050.00 $ at 9/21/2009 and is currently trading at 4,230.00 $.
4- 076850.KS current resistance level is at 4,315.49 which is the 38.20 % fibonacci retracement of the last 695.00 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
MCOCR (076850.KS) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 4,745.000 and 8,950.000 that was broken up at 4,710.000 transforming into a supporting line.
MCOCR (076850.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 8,950.000 and 9,650.000, and is currently resisting at 8,468.750.
MCOCR (076850.KS) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 8,950.000 and 9,650.000, and is currently resisting at 8,468.750.
Stock Trading Conclusion:
MCOCR (076850.KS) was trading in a 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 : 4,315.49, 4,397.50, 4,479.51, 4,745.00, 4,934.04, 5,174.51, 8,468.75,.
Stock Support levels : 4,214.02, 4,187.52, 4,161.24, 4,140.00, 4,118.76, 4,050.00,.
