Today we will analyze the stock China Unicom Ltd (CHU) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in China Unicom Ltd (CHU)
1- Last bullish trend was from 20.07 $ (12/15/2011) to 21.58 $ (1/9/2012) a 1.51 $ move 2- The current bearish trend started from 21.58 $ at 1/9/2012 and is currently trading at 18.74 $.
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 Unicom Ltd (CHU) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 20.070 that failed and formed a resistance.
5- The Stock formed a 1.680 $ height triangle which was broken down at 19.500 in higher than usual volume, target of the pattern is 17.820.
China Unicom Ltd (CHU) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 20.070 that failed and formed a resistance.
7- The Stock formed a 1.680 $ height triangle which was broken down at 19.500 in higher than usual volume, target of the pattern is 17.820.
China Unicom Ltd (CHU) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 4.940 $ height triangle which was broken down at 21.100 in higher than usual volume, target of the pattern is 16.160.

Stock Trading Conclusion:
China Unicom Ltd (CHU) 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 : 19.41, 19.82, 20.14, 20.16, 20.18, 20.50, 21.58, 21.94, 22.37.
Stock Support levels : 17.82,.