Stock Technical indicators to notice in AMOREPACIFIC(1P) (090435.KS)
1- Last bullish trend was from 275,000.00 $ (11/11/2011) to 283,500.00 $ (11/23/2011) a 8,500.00 $ move 2- The current bearish trend started from 283,500.00 $ at 11/23/2011 and is currently trading at 274,000.00 $.
4- 090435.KS current resistance level is at 275,000.00 which is the 100.00 % fibonacci retracement of the last 8,500.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
AMOREPACIFIC(1P) (090435.KS) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 25,000.000 $ height triangle which was broken up at 275,500.000 in higher than usual volume, target of the pattern is 300,500.000 which was broken down at 276,000.000, target of the pattern is 251,000.000.
AMOREPACIFIC(1P) (090435.KS) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 284,000.000 and 291,000.000 that was broken up at 277,000.000 transforming into a supporting line.
AMOREPACIFIC(1P) (090435.KS) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 292,000.000 and 317,000.000 that was broken up at 272,500.000 transforming into a supporting line.
Stock Trading Conclusion:
AMOREPACIFIC(1P) (090435.KS) was trading in a bullish 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 : 275,000.00, 276,242.00, 277,629.00, 278,247.00, 278,750.00, 279,250.00, 279,871.00, 280,253.00, 281,494.00, 283,500.00, 300,500.00, 402,500.00.
Stock Support levels : 272,688.00, 269,747.00, 268,363.63, 253,000.00, 251,000.00,.
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