Today we will analyze the stock KorCastIronPipe (000970.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in KorCastIronPipe (000970.KS)
1- Last bearish trend was from 4,090.00 $ (4/18/2012) to 3,720.00 $ (4/30/2012) a 370.00 $ move 2- The current bullish trend started from 3,720.00 $ at 4/30/2012 and is currently trading at 3,800.00 $.
3- 000970.KS current support level is at 3,720.00 which is the 0.00 % fibonacci retracement of the last 370.00 $ move.
4- 000970.KS current resistance level is at 3,807.32 which is the 23.60 % fibonacci retracement of the last 370.00 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
KorCastIronPipe (000970.KS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 4,090.000 and 4,345.000 that was broken up at 3,905.000 transforming into a supporting line.
KorCastIronPipe (000970.KS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 4,345.000 and 4,590.000, and is currently resisting at 3,899.545.
KorCastIronPipe (000970.KS) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
KorCastIronPipe (000970.KS) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 3,807.32, 3,861.34, 3,899.55, 3,905.00, 3,948.66, 4,090.00, 4,190.64, 4,318.66, 4,345.00.
Stock Support levels : 3,781.12, 3,778.33, 3,769.44, 3,760.00, 3,750.56, 3,720.00,.