Today we will analyze the stock SHENZHEN HEUNGKONG ‘A’CNY1 (600162.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in SHENZHEN HEUNGKONG ‘A’CNY1 (600162.SS)
1- Last bullish trend was from 5.43 $ (4/24/2012) to 5.97 $ (4/25/2012) a 0.54 $ move 2- The current bearish trend started from 5.97 $ at 4/25/2012 and is currently trading at 5.65 $.
3- 600162.SS current support level is at 5.64 which is the 61.80 % fibonacci retracement of the last 0.54 $ move.
4- 600162.SS current resistance level is at 5.70 which is the 50.00 % fibonacci retracement of the last 0.54 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
6- Bullish Divergance in MACD Indicator .
SHENZHEN HEUNGKONG ‘A’CNY1 (600162.SS) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 5.430 and 5.350, and is currently supporting at 5.526.
SHENZHEN HEUNGKONG ‘A’CNY1 (600162.SS) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 5.350 and 4.880 that was broken down at 5.620 transforming into a resistance line.
SHENZHEN HEUNGKONG ‘A’CNY1 (600162.SS) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 4.880 and 4.710, and is currently supporting at 4.960.

Stock Trading Conclusion:
SHENZHEN HEUNGKONG ‘A’CNY1 (600162.SS) was trading in a bullish wave, which is becoming stronger .
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 : 5.70, 5.73, 5.76, 5.77, 5.81, 5.82, 5.84, 5.85, 5.97,.
Stock Support levels : 5.64, 5.53, 5.43, 5.28, 5.10,.