Today we will analyze the stock CHINA PETROLEUM and EACH CEDEAR R (SNP.BA) for internet stock trading in the BA stock market,
Stock Technical indicators to notice in CHINA PETROLEUM and EACH CEDEAR R (SNP.BA)
1- Last bearish trend was from 150.80 $ (4/1/2011) to 128.55 $ (8/5/2011) a 22.25 $ move 2- The current bullish trend started from 128.55 $ at 8/5/2011 and is currently trading at 186.95 $.
3- 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.
CHINA PETROLEUM and EACH CEDEAR R (SNP.BA) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 128.550 and 124.000, and is currently supporting at 129.688.
CHINA PETROLEUM and EACH CEDEAR R (SNP.BA) Mid term stock chart patterns for internet stock trading :

5- The Stock traded in a bullish stock channel identifed by support at 128.550 and 98.500,resistance between 150.800 and 120.000 which was broken up at 162.000.
CHINA PETROLEUM and EACH CEDEAR R (SNP.BA) Long term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 128.550 and 98.500,resistance between 150.800 and 120.000 which was broken up at 162.000.

Stock Trading Conclusion:
CHINA PETROLEUM and EACH CEDEAR R (SNP.BA) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : .
Stock Support levels : 173.17, 164.64, 162.00, 157.75, 150.86, 129.69,.