Today we will analyze the stock Sorl Auto Parts (SORL) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Sorl Auto Parts (SORL)
1- Last bearish trend was from 3.10 $ (1/24/2012) to 2.89 $ (1/31/2012) a 0.21 $ move 2- The current bullish trend started from 2.89 $ at 1/31/2012 and is currently trading at 3.23 $.
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.
Sorl Auto Parts (SORL) Short term stock chart patterns for internet stock trading :

4- The Stock traded in a bullish stock channel identifed by support at 2.890 and 2.380,resistance between 3.100 and 2.500, the stock channel is currently supported from below by 3.008 and resisted from above by 3.443.
Sorl Auto Parts (SORL) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 1.120 $ height triangle which was broken up at 3.120 in higher than usual volume, target of the pattern is 4.240.
Sorl Auto Parts (SORL) Long term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 2.350 and 2.820,resistance between 3.470 and 3.820 which was broken up at 3.120 in higher than usual volume.

Stock Trading Conclusion:
Sorl Auto Parts (SORL) 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 : 4.24.
Stock Support levels : 3.15, 3.10, 3.06, 3.04, 3.02, 2.90,.