Today we will analyze the stock CHongkundang (001630.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in CHongkundang (001630.KS)
1- Last bullish trend was from 17,100.00 $ (4/9/2012) to 18,050.00 $ (4/17/2012) a 950.00 $ move 2- The current bearish trend started from 18,050.00 $ at 4/17/2012 and is currently trading at 15,900.00 $.
3- 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.
CHongkundang (001630.KS) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 18,050.000 and 18,500.000, and is currently resisting at 17,510.000.
CHongkundang (001630.KS) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 18,800.000 and 17,300.000 that was broken down at 20,150.000 transforming into a resistance line.
CHongkundang (001630.KS) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 17,300.000 and 17,200.000 that was broken down at 17,700.000 transforming into a resistance line.

Stock Trading Conclusion:
CHongkundang (001630.KS) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 16,407.40, 16,721.30, 16,975.00, 17,228.70, 17,510.00, 17,847.06, 18,050.00, 34,737.50.
Stock Support levels :.