Today we will analyze the stock ZHEJIANG JU HUA ‘A’CNY1 (600160.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in ZHEJIANG JU HUA ‘A’CNY1 (600160.SS)
1- Last bullish trend was from 19.66 $ (1/16/2012) to 21.32 $ (1/19/2012) a 1.66 $ move 2- The current bearish trend started from 21.32 $ at 1/19/2012 and is currently trading at 21.22 $.
3- 600160.SS current support level is at 20.93 which is the 23.60 % fibonacci retracement of the last 1.66 $ move.
4- 600160.SS current resistance level is at 21.32 which is the 0.00 % fibonacci retracement of the last 1.66 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
ZHEJIANG JU HUA ‘A’CNY1 (600160.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 19.660 and 18.410, and is currently supporting at 21.089.
ZHEJIANG JU HUA ‘A’CNY1 (600160.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 19.660 and 18.410, and is currently supporting at 21.089.
ZHEJIANG JU HUA ‘A’CNY1 (600160.SS) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ZHEJIANG JU HUA ‘A’CNY1 (600160.SS) was trading in a bullish wave, which is becoming weaker .
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 : 21.24, 21.26, 21.27, 21.28, 21.32,.
Stock Support levels : 21.09, 20.93, 20.69, 20.49, 20.29, 19.66, 19.21,.