Today we will analyze the stock JIANGXI ZHONGJIANG 'A'CNY1 (600053.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in JIANGXI ZHONGJIANG 'A'CNY1 (600053.SS)
1- Last bullish trend was from 6.26 $ (12/2/2013) to 6.56 $ (12/10/2013) a 0.30 $ move 2- The current bearish trend started from 6.56 $ at 12/10/2013 and is currently trading at 6.19 $.
3- 600053.SS current support level is at 6.18 which is the 127.20 % fibonacci retracement of the last 0.30 $ move.
4- 600053.SS current resistance level is at 6.26 which is the 100.00 % fibonacci retracement of the last 0.30 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
JIANGXI ZHONGJIANG 'A'CNY1 (600053.SS) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 6.260 that failed and formed a resistance.
8- The Stock was resisted by a resistance line, identified by two points: 6.560 and 7.150 that was broken up at 6.190 transforming into a supporting line.
JIANGXI ZHONGJIANG 'A'CNY1 (600053.SS) Mid term stock chart patterns for internet stock trading :

9- The Stock traded in a bearish stock channel identifed by support at 6.270 and 7.100,resistance between 7.150 and 7.930 which was broken up at 6.190.
JIANGXI ZHONGJIANG 'A'CNY1 (600053.SS) Long term stock chart patterns for internet stock trading :

10- The Stock formed a 2.130 $ height triangle which was broken up at 6.190, target of the pattern is 8.320 which was broken down at 6.230, target of the pattern is 4.100.

Stock Trading Conclusion:
JIANGXI ZHONGJIANG 'A'CNY1 (600053.SS) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 6.20, 6.21, 6.22, 6.26, 6.28, 6.33, 6.37, 6.38, 6.41, 6.42, 6.45, 6.49, 6.56, 6.65, 8.32.
Stock Support levels : 6.18, 6.10, 6.07, 4.10,.