Today we will analyze the stock CHUNGHO (012600.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in CHUNGHO (012600.KS)
1- Last bearish trend was from 3,880.00 $ (4/26/2012) to 3,690.00 $ (4/30/2012) a 190.00 $ move 2- The current bullish trend started from 3,690.00 $ at 4/30/2012 and is currently trading at 3,745.00 $.
3- 012600.KS current support level is at 3,734.84 which is the 23.60 % fibonacci retracement of the last 190.00 $ move.
4- 012600.KS current resistance level is at 3,762.58 which is the 38.20 % fibonacci retracement of the last 190.00 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
CHUNGHO (012600.KS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 820.000 $ height triangle.
CHUNGHO (012600.KS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 4,810.000 .
8- The Stock formed a 1,290.000 $ height triangle.
CHUNGHO (012600.KS) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Top Pattern at 4,810.000 .

Stock Trading Conclusion:
CHUNGHO (012600.KS) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 3,762.58, 3,785.00, 3,807.42, 3,880.00, 3,931.68, 3,997.42, 4,235.00, 4,817.85,.
Stock Support levels : 3,734.84, 3,732.02, 3,723.99, 3,717.50, 3,711.01, 3,690.00,.