Today we will analyze the stock TaihanTextl (001070.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in TaihanTextl (001070.KS)
1- Last bearish trend was from 23,900.00 $ (4/17/2012) to 22,100.00 $ (4/30/2012) a 1,800.00 $ move 2- The current bullish trend started from 22,100.00 $ at 4/30/2012 and is currently trading at 22,800.00 $.
3- 001070.KS current support level is at 22,787.60 which is the 38.20 % fibonacci retracement of the last 1,800.00 $ move.
4- 001070.KS current resistance level is at 23,000.00 which is the 50.00 % fibonacci retracement of the last 1,800.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
TaihanTextl (001070.KS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 23,900.000 and 27,200.000 that was broken up at 22,450.000 transforming into a supporting line.
TaihanTextl (001070.KS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 23,900.000 and 27,200.000 that was broken up at 22,450.000 transforming into a supporting line.
TaihanTextl (001070.KS) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 23,350.000 and 22,200.000 that was broken down at 23,700.000 transforming into a resistance line.

Stock Trading Conclusion:
TaihanTextl (001070.KS) was trading in a strong 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 : 23,000.00, 23,212.40, 23,900.00, 24,389.60, 24,590.20, 25,012.40.
Stock Support levels : 22,787.60, 22,634.80, 22,532.60, 22,524.80, 22,450.00, 22,367.40, 22,100.00,.