Stock Technical indicators to notice in KT SP.ADR (KTC.SG)
1- Last bearish trend was from 11.02 $ (3/2/2012) to 9.46 $ (5/4/2012) a 1.56 $ move 2- The current bullish trend started from 9.46 $ at 5/4/2012 and is currently trading at 10.08 $.
4- KTC.SG current resistance level is at 10.24 which is the 50.00 % fibonacci retracement of the last 1.56 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
KT SP.ADR (KTC.SG) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 9.460 and 10.630,resistance between 11.020 and 11.500, the stock channel is currently supported from below by 9.440 and resisted from above by 10.256.
KT SP.ADR (KTC.SG) Mid term stock chart patterns for internet stock trading :
None.
KT SP.ADR (KTC.SG) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 10.970 and 10.720 that was broken down at 10.940 transforming into a resistance line.
Stock Trading Conclusion:
KT SP.ADR (KTC.SG) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 10.24, 10.42, 11.02, 11.44, 11.73, 11.98.
Stock Support levels : 10.06, 9.93, 9.84, 9.83, 9.77, 9.70, 9.46,.
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