Today we will analyze the stock RocketElec (000420.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in RocketElec (000420.KS)
1- Last bearish trend was from 6,620.00 $ (1/12/2012) to 6,300.00 $ (1/18/2012) a 320.00 $ move 2- The current bullish trend started from 6,300.00 $ at 1/18/2012 and is currently trading at 6,780.00 $.
3- 000420.KS current support level is at 6,707.04 which is the 127.20 % fibonacci retracement of the last 320.00 $ move.
4- 000420.KS current resistance level is at 6,817.76 which is the 161.80 % fibonacci retracement of the last 320.00 $ 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.
RocketElec (000420.KS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 960.000 $ height triangle which was broken up at 6,620.000 in higher than usual volume, target of the pattern is 7,580.000.
RocketElec (000420.KS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 5,840.000 .
RocketElec (000420.KS) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 5,840.000 .

Stock Trading Conclusion:
RocketElec (000420.KS) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 6,817.76, 7,580.00.
Stock Support levels : 6,707.04, 6,666.72, 6,620.00, 6,596.64, 6,540.00, 6,522.50, 6,497.76, 6,483.36, 6,460.00, 6,422.24, 6,375.52, 6,300.00, 5,886.15, 5,870.77,.