Today we will analyze the stock ShinyoungSecu (001720.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in ShinyoungSecu (001720.KS)
1- Last bearish trend was from 32,400.00 $ (3/28/2012) to 29,300.00 $ (4/30/2012) a 3,100.00 $ move 2- The current bullish trend started from 29,300.00 $ at 4/30/2012 and is currently trading at 30,350.00 $.
3- 001720.KS current support level is at 30,031.60 which is the 23.60 % fibonacci retracement of the last 3,100.00 $ move.
4- 001720.KS current resistance level is at 30,484.20 which is the 38.20 % fibonacci retracement of the last 3,100.00 $ 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.
ShinyoungSecu (001720.KS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 29,300.000 and 26,200.000, and is currently supporting at 29,376.230.
ShinyoungSecu (001720.KS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 32,400.000 and 34,050.000, and is currently resisting at 32,148.477.
ShinyoungSecu (001720.KS) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 26,100.000 and 34,000.000,resistance between 32,400.000 and 39,350.000, the stock channel is currently supported from below by 22,813.961 and resisted from above by 31,811.018.

Stock Trading Conclusion:
ShinyoungSecu (001720.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 : 30,484.20, 30,850.00, 31,215.80, 32,148.48, 32,400.00, 33,243.20, 34,315.80.
Stock Support levels : 30,102.20, 30,031.60, 29,948.90, 29,825.00, 29,701.10, 29,376.23, 29,300.00, 26,747.62,.