Today we will analyze the stock SHANGHAI ELECT -H- (USR.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in SHANGHAI ELECT -H- (USR.DE)
1- Last bullish trend was from 0.36 $ (4/29/2011) to 0.40 $ (5/24/2011) a 0.04 $ move 2- The current bearish trend started from 0.40 $ at 5/24/2011 and is currently trading at 0.37 $.
3- USR.DE current support level is at 0.36 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
4- USR.DE current resistance level is at 0.38 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.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 ELECT -H- (USR.DE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.400 and 0.550 that was broken up at 0.370 transforming into a supporting line.
SHANGHAI ELECT -H- (USR.DE) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.360 and 0.510,resistance between 0.400 and 0.580, the stock channel is currently supported from below by 0.329 and resisted from above by 0.377.
SHANGHAI ELECT -H- (USR.DE) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.360 and 0.290, and is currently supporting at 0.367.

Stock Trading Conclusion:
SHANGHAI ELECT -H- (USR.DE) was trading in a strong bearish wave, which is becoming weaker .
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 : 0.375, 0.377, 0.380, 0.381, 0.385, 0.385, 0.389, 0.391, 0.400,.
Stock Support levels : 0.367, 0.360, 0.359, 0.349,.