Today we will analyze the stock Chonbang (000950.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in Chonbang (000950.KS)
1- Last bullish trend was from 30,150.00 $ (3/5/2012) to 32,000.00 $ (3/8/2012) a 1,850.00 $ move 2- The current bearish trend started from 32,000.00 $ at 3/8/2012 and is currently trading at 28,900.00 $.
3- According to ADX Indicator, the trend is currently 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.
Chonbang (000950.KS) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 4,850.000 $ height triangle which was broken up at 29,000.000 in higher than usual volume, target of the pattern is 33,850.000 which was broken down at 29,800.000 in higher than usual volume, target of the pattern is 24,950.000.
Chonbang (000950.KS) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 5,300.000 $ height triangle which was broken up at 29,000.000 in higher than usual volume, target of the pattern is 34,300.000 which was broken down at 29,800.000 in higher than usual volume, target of the pattern is 24,500.000.
Chonbang (000950.KS) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
Chonbang (000950.KS) was trading in a bullish 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 : 29,631.60, 30,084.20, 30,450.00, 30,815.80, 32,000.00, 33,850.00, 34,300.00, 34,875.00, 35,550.00.
Stock Support levels : 26,150.00, 24,950.00,.