Today we will analyze the stock YoungoneCorp (009970.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in YoungoneCorp (009970.KS)
1- Last bullish trend was from 53,000.00 $ (2/16/2012) to 59,300.00 $ (3/20/2012) a 6,300.00 $ move 2- The current bearish trend started from 59,300.00 $ at 3/20/2012 and is currently trading at 56,700.00 $.
3- 009970.KS current support level is at 56,150.00 which is the 50.00 % fibonacci retracement of the last 6,300.00 $ move.
4- 009970.KS current resistance level is at 56,893.40 which is the 38.20 % fibonacci retracement of the last 6,300.00 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
YoungoneCorp (009970.KS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 53,000.000 and 49,650.000 that was broken down at 53,500.000 transforming into a resistance line.
YoungoneCorp (009970.KS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 15,100.000 $ height triangle which was broken up at 55,400.000 in higher than usual volume, target of the pattern is 70,500.000 which was broken down at 58,800.000, target of the pattern is 43,700.000.
YoungoneCorp (009970.KS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 20,200.000 $ height triangle which was broken up at 55,400.000 in higher than usual volume, target of the pattern is 75,600.000 which was broken down at 58,800.000, target of the pattern is 38,600.000.

Stock Trading Conclusion:
YoungoneCorp (009970.KS) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 56,893.40, 57,313.60, 57,693.20, 57,813.20, 58,000.00, 58,306.80, 59,300.00, 68,258.34, 70,500.00, 75,600.00, 88,510.00.
Stock Support levels : 56,150.00, 55,406.60, 53,000.00, 51,286.40, 50,202.86, 49,106.60, 46,442.31, 43,700.00,.