Stock Technical indicators to notice in S and T (100840.KS)
1- Last bearish trend was from 19,350.00 $ (4/19/2012) to 18,400.00 $ (4/30/2012) a 950.00 $ move 2- The current bullish trend started from 18,400.00 $ at 4/30/2012 and is currently trading at 19,600.00 $.
4- 100840.KS current resistance level is at 19,608.40 which is the 127.20 % fibonacci retracement of the last 950.00 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
S and T (100840.KS) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 18,400.000 .
7- The Stock formed a 1,350.000 $ height triangle which was broken up at 19,350.000, target of the pattern is 20,700.000.
S and T (100840.KS) Mid term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 22,300.000 and 24,100.000 that was broken up at 21,950.000 transforming into a supporting line.
S and T (100840.KS) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 15,600.000 and 12,350.000, and is currently supporting at 18,683.334.
Stock Trading Conclusion:
S and T (100840.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 : 19,608.40, 19,937.10, 20,700.00.
Stock Support levels : 19,350.00, 19,316.80, 19,141.60, 19,000.00, 18,987.10, 18,875.00, 18,858.40, 18,850.00, 18,762.90, 18,683.33, 18,624.20, 18,400.00,.
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