Today we will analyze the stock MeritzIB (012420.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in MeritzIB (012420.KS)
1- Last bearish trend was from 860.00 $ (1/11/2010) to 765.00 $ (2/8/2010) a 95.00 $ move 2- The current bullish trend started from 765.00 $ at 2/8/2010 and is currently trading at 820.00 $.
3- 012420.KS current support level is at 812.50 which is the 50.00 % fibonacci retracement of the last 95.00 $ move.
4- 012420.KS current resistance level is at 823.71 which is the 61.80 % fibonacci retracement of the last 95.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
MeritzIB (012420.KS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 860.000 and 965.000 that was broken up at 835.000 transforming into a supporting line.
MeritzIB (012420.KS) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 765.000 and 775.000,resistance between 965.000 and 980.000, the stock channel is currently supported from below by 758.125 and resisted from above by 951.875.
MeritzIB (012420.KS) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 765.000 and 775.000,resistance between 965.000 and 980.000, the stock channel is currently supported from below by 758.125 and resisted from above by 951.875.

Stock Trading Conclusion:
MeritzIB (012420.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 : 823.71, 860.00, 885.84, 918.71.
Stock Support levels : 812.50, 807.02, 801.29, 798.99, 792.50, 787.42, 786.01, 765.00,.