Today we will analyze the stock TaeyangMtl (004100.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in TaeyangMtl (004100.KS)
1- Last bearish trend was from 8,370.00 $ (4/12/2012) to 7,760.00 $ (4/26/2012) a 610.00 $ move 2- The current bullish trend started from 7,760.00 $ at 4/26/2012 and is currently trading at 7,840.00 $.
3- 004100.KS current support level is at 7,760.00 which is the 0.00 % fibonacci retracement of the last 610.00 $ move.
4- 004100.KS current resistance level is at 7,903.96 which is the 23.60 % fibonacci retracement of the last 610.00 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
TaeyangMtl (004100.KS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 1,290.000 $ height triangle.
TaeyangMtl (004100.KS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 2,110.000 $ height triangle.
TaeyangMtl (004100.KS) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 7,590.000 and 6,770.000, and is currently supporting at 7,809.437.

Stock Trading Conclusion:
TaeyangMtl (004100.KS) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 7,903.96, 7,993.02, 8,065.00, 8,136.98, 8,370.00, 8,535.92, 8,746.98.
Stock Support levels : 7,821.12, 7,809.44, 7,809.44, 7,800.00, 7,790.56, 7,760.00,.