Today we will analyze the stock CHINA MENGNIU DAIRY (CIADF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in CHINA MENGNIU DAIRY (CIADF.PK)
1- Last bearish trend was from 3.08 $ (4/19/2012) to 2.92 $ (4/25/2012) a 0.16 $ move 2- The current bullish trend started from 2.92 $ at 4/25/2012 and is currently trading at 3.05 $.
3- CIADF.PK current support level is at 3.02 which is the 61.80 % fibonacci retracement of the last 0.16 $ move.
4- CIADF.PK current resistance level is at 3.08 which is the 100.00 % fibonacci retracement of the last 0.16 $ 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 MENGNIU DAIRY (CIADF.PK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.920 and 2.630 that was broken down at 3.050 transforming into a resistance line.
CHINA MENGNIU DAIRY (CIADF.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 1.060 $ height triangle which was broken up at 2.730, target of the pattern is 3.790.
CHINA MENGNIU DAIRY (CIADF.PK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 3.510 and 3.550, and is currently resisting at 3.431.

Stock Trading Conclusion:
CHINA MENGNIU DAIRY (CIADF.PK) 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 : 3.08, 3.12, 3.16, 3.18, 3.43, 3.79.
Stock Support levels : 3.02, 3.02, 3.00, 3.00, 2.99, 2.98, 2.97, 2.96, 2.92,.