The Hourly View for PKX
Currently, PKX (Get Ratings)’s price is up $0.17 (0.21%) from the hour prior. The hourly chart shows that PKX has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
PKX’s Technical Outlook on the Daily Chart
At the time of this writing, PKX’s price is up $1.7 (2.18%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Posco’s price action over the past 90 days can be seen via the chart below.
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The post Posco (PKX): Price Now Near $79.57; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News.
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