Stock Technical indicators to notice in KORIAN (KORI.PA)
1- Last bullish trend was from 13.40 $ (3/9/2012) to 13.85 $ (3/21/2012) a 0.45 $ move 2- The current bearish trend started from 13.85 $ at 3/21/2012 and is currently trading at 11.80 $.
KORIAN (KORI.PA) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Bottom Pattern at 13.400 that failed and formed a resistance.
5- The Stock was resisted by a resistance line, identified by two points: 13.850 and 13.980, and is currently resisting at 13.641.
KORIAN (KORI.PA) Mid term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 12.470 and 12.110,resistance between 13.990 and 13.290 which was broken down at 13.500 in higher than usual volume.
KORIAN (KORI.PA) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 13.990 and 15.300, and is currently resisting at 13.352.
Stock Trading Conclusion:
KORIAN (KORI.PA) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 12.28, 12.58, 12.83, 13.07, 13.35, 13.38, 13.39, 13.64, 13.85, 14.07.
Stock Support levels :.
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