Today we will analyze the stock China Automotive Systems (CAAS) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in China Automotive Systems (CAAS)
1- Last bullish trend was from 4.94 $ (5/7/2012) to 5.38 $ (5/8/2012) a 0.44 $ move 2- The current bearish trend started from 5.38 $ at 5/8/2012 and is currently trading at 4.29 $.
3- 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 Automotive Systems (CAAS) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 5.380 and 5.710, and is currently resisting at 5.333.
China Automotive Systems (CAAS) Mid term stock chart patterns for internet stock trading :

5- The Stock traded in a bearish stock channel identifed by support at 4.940 and 6.040,resistance between 5.380 and 6.550 which was broken down at 4.290 in higher than usual volume.
China Automotive Systems (CAAS) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 1.840 $ height triangle which was broken down at 6.590, target of the pattern is 4.750.

Stock Trading Conclusion:
China Automotive Systems (CAAS) was trading in a strong bearish 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 : 4.55, 4.71, 4.82, 4.84, 4.96, 5.33, 5.38, 8.02.
Stock Support levels :.