Stock Technical indicators to notice in BANK OF KAOHSIUNG TWD10 (2836.TW)
1- Last bullish trend was from 9.54 $ (3/6/2012) to 9.83 $ (3/19/2012) a 0.29 $ move 2- The current bearish trend started from 9.83 $ at 3/19/2012 and is currently trading at 8.81 $.
BANK OF KAOHSIUNG TWD10 (2836.TW) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 1.540 $ height triangle which was broken down at 9.780, target of the pattern is 8.240.
BANK OF KAOHSIUNG TWD10 (2836.TW) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 8.370 and 8.220 that was broken down at 8.810 transforming into a resistance line.
BANK OF KAOHSIUNG TWD10 (2836.TW) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
BANK OF KAOHSIUNG TWD10 (2836.TW) was trading in a strong bearish wave, which is becoming weaker .
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 : 8.89, 9.05, 9.20, 9.32, 9.44, 9.83, 11.36.
Stock Support levels : 8.24.
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