Stock Technical indicators to notice in KALROM CAR ENG EQIP (KLRM.TA)
1- Last bullish trend was from 886.90 $ (1/23/2012) to 969.00 $ (3/28/2012) a 82.10 $ move 2- The current bearish trend started from 969.00 $ at 3/28/2012 and is currently trading at 897.70 $.
4- KLRM.TA current resistance level is at 918.26 which is the 61.80 % fibonacci retracement of the last 82.10 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
KALROM CAR ENG EQIP (KLRM.TA) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 886.900 and 769.300 that was broken down at 969.000 transforming into a resistance line.
KALROM CAR ENG EQIP (KLRM.TA) Mid term stock chart patterns for internet stock trading :
None.
KALROM CAR ENG EQIP (KLRM.TA) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 815.600 and 980.000 that was broken up at 765.200 transforming into a supporting line.
Stock Trading Conclusion:
KALROM CAR ENG EQIP (KLRM.TA) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 914.53, 918.26, 924.94, 927.95, 933.35, 937.64, 941.76, 949.62, 969.00, 1,146.60.
Stock Support levels : 886.90, 864.57, 836.16,.
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