Today we will analyze the stock SHANGHAI GROWTH INV (XI7.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in SHANGHAI GROWTH INV (XI7.BE)
1- Last bullish trend was from 1.36 $ (3/10/2011) to 2.31 $ (3/28/2011) a 0.95 $ move 2- The current bearish trend started from 2.31 $ at 3/28/2011 and is currently trading at 2.23 $.
3- XI7.BE current support level is at 2.09 which is the 23.60 % fibonacci retracement of the last 0.95 $ move.
4- XI7.BE current resistance level is at 2.31 which is the 0.00 % fibonacci retracement of the last 0.95 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
SHANGHAI GROWTH INV (XI7.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.360 and 1.090 that was broken down at 2.220 transforming into a resistance line.
SHANGHAI GROWTH INV (XI7.BE) Mid term stock chart patterns for internet stock trading :

None.
SHANGHAI GROWTH INV (XI7.BE) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.220 and 1.360 that was broken up at 1.190 transforming into a supporting line.

Stock Trading Conclusion:
SHANGHAI GROWTH INV (XI7.BE) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 2.25, 2.26, 2.27, 2.28, 2.31, 2.55.
Stock Support levels : 2.09, 1.95, 1.84, 1.72, 1.36, 1.10, 1.10,.