Today we will analyze the stock DongyangStlPipe (008970.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in DongyangStlPipe (008970.KS)
1- Last bearish trend was from 2,355.00 $ (4/16/2012) to 1,915.00 $ (4/30/2012) a 440.00 $ move 2- The current bullish trend started from 1,915.00 $ at 4/30/2012 and is currently trading at 2,115.00 $.
3- 008970.KS current support level is at 2,083.08 which is the 38.20 % fibonacci retracement of the last 440.00 $ move.
4- 008970.KS current resistance level is at 2,135.00 which is the 50.00 % fibonacci retracement of the last 440.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
DongyangStlPipe (008970.KS) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 1,915.000 and 2,100.000,resistance between 2,355.000 and 2,610.000, the stock channel is currently supported from below by 1,872.308 and resisted from above by 2,134.000.
DongyangStlPipe (008970.KS) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 1,915.000 and 2,100.000,resistance between 2,355.000 and 2,610.000, the stock channel is currently supported from below by 1,872.308 and resisted from above by 2,134.000.
DongyangStlPipe (008970.KS) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2,355.000 and 3,015.000 that was broken up at 2,115.000 transforming into a supporting line.

Stock Trading Conclusion:
DongyangStlPipe (008970.KS) was trading in a bullish wave, which is becoming weaker .
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 : 2,135.00, 2,186.92, 2,355.00, 2,474.68, 2,626.92.
Stock Support levels : 2,083.08, 2,067.80, 2,059.14, 2,038.60, 2,018.84, 2,015.00, 1,991.40, 1,915.00,.