Today we will analyze the stock KCTC (009070.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in KCTC (009070.KS)
1- Last bullish trend was from 16,050.00 $ (4/10/2012) to 16,550.00 $ (4/16/2012) a 500.00 $ move 2- The current bearish trend started from 16,550.00 $ at 4/16/2012 and is currently trading at 15,750.00 $.
3- 009070.KS current support level is at 15,741.00 which is the 161.80 % fibonacci retracement of the last 500.00 $ move.
4- 009070.KS current resistance level is at 15,914.00 which is the 127.20 % fibonacci retracement of the last 500.00 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
KCTC (009070.KS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 16,550.000 and 19,000.000 that was broken up at 16,400.000 transforming into a supporting line.
KCTC (009070.KS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 19,000.000 and 22,550.000 that was broken up at 16,250.000 transforming into a supporting line.
KCTC (009070.KS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 9,050.000 $ height triangle which was broken up at 19,000.000 in higher than usual volume, target of the pattern is 28,050.000 which was broken down at 19,200.000, target of the pattern is 10,150.000.

Stock Trading Conclusion:
KCTC (009070.KS) was trading in a bearish 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 : 15,914.00, 15,938.80, 16,050.00, 16,055.60, 16,150.00, 16,241.00, 16,244.40, 16,300.00, 16,359.00, 16,432.00, 16,550.00, 27,297.37, 28,050.00.
Stock Support levels : 15,741.00, 14,559.38, 12,944.12, 10,150.00,.