Today we will analyze the stock CHINA NATURAL GAS (CHNG.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in CHINA NATURAL GAS (CHNG.OB)
1- Last bullish trend was from 1.45 $ (5/3/2012) to 1.60 $ (5/7/2012) a 0.15 $ move 2- The current bearish trend started from 1.60 $ at 5/7/2012 and is currently trading at 1.46 $.
3- CHNG.OB current support level is at 1.45 which is the 100.00 % fibonacci retracement of the last 0.15 $ move.
4- CHNG.OB current resistance level is at 1.51 which is the 61.80 % fibonacci retracement of the last 0.15 $ move.
5- 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.
CHINA NATURAL GAS (CHNG.OB) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 1.450 $ and 1.600 $.

CHINA NATURAL GAS (CHNG.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 1.450 $ and 1.600 $.

CHINA NATURAL GAS (CHNG.OB) Long term stock chart patterns for internet stock trading :

8- The Stock is trading in a stock channel between 1.450 $ and 1.600 $.


Stock Trading Conclusion:
CHINA NATURAL GAS (CHNG.OB) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 1.49, 1.51, 1.51, 1.53, 1.53, 1.54, 1.55, 1.56, 1.60,.
Stock Support levels : 1.45, 1.41,.