Today we will analyze the stock CHINA DIRECT (CH4.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in CHINA DIRECT (CH4.DE)
1- Last bearish trend was from 5.66 $ (8/27/2008) to 4.64 $ (8/28/2008) a 1.02 $ move 2- The current bullish trend started from 4.64 $ at 8/28/2008 and is currently trading at 5.70 $.
3- CH4.DE current support level is at 5.66 which is the 100.00 % fibonacci retracement of the last 1.02 $ move.
4- CH4.DE current resistance level is at 5.94 which is the 127.20 % fibonacci retracement of the last 1.02 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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 DIRECT (CH4.DE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5.660 and 6.050 that was broken up at 5.660 transforming into a supporting line.
CHINA DIRECT (CH4.DE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 6.050 and 6.400 that was broken up at 6.000 transforming into a supporting line.
CHINA DIRECT (CH4.DE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 6.050 and 6.400 that was broken up at 6.000 transforming into a supporting line.

Stock Trading Conclusion:
CHINA DIRECT (CH4.DE) was trading in a strong bearish 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 : 5.94, 6.29.
Stock Support levels : 5.66, 5.59, 5.45, 5.30, 5.27, 5.17, 5.15, 5.04, 5.03, 4.88, 4.64, -2.00,.