Today we will analyze the stock GREEN INSURANCE (000470.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in GREEN INSURANCE (000470.KS)
1- Last bearish trend was from 1,650.00 $ (4/30/2012) to 1,425.00 $ (5/3/2012) a 225.00 $ move 2- The current bullish trend started from 1,425.00 $ at 5/3/2012 and is currently trading at 1,480.00 $.
3- 000470.KS current support level is at 1,478.10 which is the 23.60 % fibonacci retracement of the last 225.00 $ move.
4- 000470.KS current resistance level is at 1,510.95 which is the 38.20 % fibonacci retracement of the last 225.00 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
GREEN INSURANCE (000470.KS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1,650.000 and 2,005.000, and is currently resisting at 1,516.875.
GREEN INSURANCE (000470.KS) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 1,500.000 and 1,815.000,resistance between 1,650.000 and 2,005.000, the stock channel is currently supported from below by 1,275.000 and resisted from above by 1,516.875.
GREEN INSURANCE (000470.KS) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 1,500.000 and 1,815.000,resistance between 1,650.000 and 2,005.000, the stock channel is currently supported from below by 1,275.000 and resisted from above by 1,516.875.

Stock Trading Conclusion:
GREEN INSURANCE (000470.KS) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 1,510.95, 1,516.88, 1,537.50, 1,564.05, 1,650.00, 1,711.20, 1,789.05.
Stock Support levels : 1,478.10, 1,467.02, 1,458.99, 1,452.50, 1,446.01, 1,425.00,.