Today we will analyze the stock Dongbu HiTek (000990.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in Dongbu HiTek (000990.KS)
1- Last bearish trend was from 9,320.00 $ (4/18/2012) to 8,020.00 $ (4/26/2012) a 1,300.00 $ move 2- The current bullish trend started from 8,020.00 $ at 4/26/2012 and is currently trading at 8,380.00 $.
3- 000990.KS current support level is at 8,326.80 which is the 23.60 % fibonacci retracement of the last 1,300.00 $ move.
4- 000990.KS current resistance level is at 8,516.60 which is the 38.20 % fibonacci retracement of the last 1,300.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
Dongbu HiTek (000990.KS) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 8,020.000 and 8,960.000,resistance between 9,320.000 and 10,350.000 which was broken up at 8,250.000.
Dongbu HiTek (000990.KS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 2,460.000 $ height triangle which was broken down at 9,700.000 in higher than usual volume, target of the pattern is 7,240.000.
Dongbu HiTek (000990.KS) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 8,440.000 and 6,590.000,resistance between 10,900.000 and 9,900.000 which was broken down at 9,200.000 in higher than usual volume.

Stock Trading Conclusion:
Dongbu HiTek (000990.KS) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 8,516.60, 8,670.00, 8,823.40, 9,320.00, 9,673.60, 9,790.79, 10,123.40, 10,669.23.
Stock Support levels : 8,326.80, 8,295.04, 8,242.48, 8,200.00, 8,157.52, 8,020.00, 7,903.75,.