Stock Technical indicators to notice in KoreaPacific01 (090970.KS)
1- Last bearish trend was from 4,290.00 $ (4/19/2012) to 3,810.00 $ (4/25/2012) a 480.00 $ move 2- The current bullish trend started from 3,810.00 $ at 4/25/2012 and is currently trading at 4,200.00 $.
4- 090970.KS current resistance level is at 4,290.00 which is the 100.00 % fibonacci retracement of the last 480.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
KoreaPacific01 (090970.KS) Short term stock chart patterns for internet stock trading :
None.
KoreaPacific01 (090970.KS) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 4,290.000 and 4,325.000, and is currently resisting at 4,270.556.
KoreaPacific01 (090970.KS) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 4,325.000 and 4,488.440, and is currently resisting at 4,220.993.
Stock Trading Conclusion:
KoreaPacific01 (090970.KS) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 4,220.99, 4,270.56, 4,290.00, 4,420.56, 4,586.64.
Stock Support levels : 4,107.96, 4,106.64, 4,051.02, 4,050.00, 4,010.00, 4,005.00, 3,993.36, 3,958.98, 3,923.28, 3,810.00,.
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