Today we will analyze the stock SeokwangConst (001600.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in SeokwangConst (001600.KS)
1- Last bearish trend was from 660.00 $ (3/17/2010) to 30.00 $ (4/12/2010) a 630.00 $ move 2- The current bullish trend started from 30.00 $ at 4/12/2010 and is currently trading at 45.00 $.
3- 001600.KS current support level is at 30.00 which is the 0.00 % fibonacci retracement of the last 630.00 $ move.
4- 001600.KS current resistance level is at 178.68 which is the 23.60 % fibonacci retracement of the last 630.00 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
SeokwangConst (001600.KS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 660.000 and 775.000, and is currently resisting at 372.500.
SeokwangConst (001600.KS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 660.000 and 775.000, and is currently resisting at 372.500.
SeokwangConst (001600.KS) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 775.000 and 830.000, and is currently resisting at 678.750.

Stock Trading Conclusion:
SeokwangConst (001600.KS) was trading in a strong 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 : 178.68, 270.66, 345.00, 372.50, 419.34, 660.00, 678.75, 831.36, 1,049.34.
Stock Support levels : 41.46, 39.27, 37.50, 35.73, 30.00,.