Today we will analyze the stock Sinopec Shangai Petrochemical Company (SHI) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Sinopec Shangai Petrochemical Company (SHI)
1- Last bullish trend was from 35.01 $ (4/4/2012) to 36.47 $ (4/12/2012) a 1.46 $ move 2- The current bearish trend started from 36.47 $ at 4/12/2012 and is currently trading at 32.53 $.
3- According to ADX Indicator, the trend is currently 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.
Sinopec Shangai Petrochemical Company (SHI) Short term stock chart patterns for internet stock trading :

4- The Stock traded in a bearish stock channel identifed by support at 35.010 and 35.780,resistance between 36.470 and 37.450 which was broken down at 32.880 in higher than usual volume.
Sinopec Shangai Petrochemical Company (SHI) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 35.230 and 32.440 that was broken down at 38.490 transforming into a resistance line.
Sinopec Shangai Petrochemical Company (SHI) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 35.230 and 32.440 that was broken down at 38.490 transforming into a resistance line.

Stock Trading Conclusion:
Sinopec Shangai Petrochemical Company (SHI) was trading in a 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 : 32.96, 33.46, 34.04, 34.50, 34.96, 36.47, 42.46,.
Stock Support levels :.