Today we will analyze the stock NANZHI FUJIAN CO. ‘A’CNY1 (600163.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in NANZHI FUJIAN CO. ‘A’CNY1 (600163.SS)
1- Last bullish trend was from 6.67 $ (4/20/2012) to 6.88 $ (4/24/2012) a 0.21 $ move 2- The current bearish trend started from 6.88 $ at 4/24/2012 and is currently trading at 6.13 $.
3- According to ADX Indicator, the trend is currently strong bearish, 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.
NANZHI FUJIAN CO. ‘A’CNY1 (600163.SS) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 6.670 that failed and formed a resistance.
5- The Stock was resisted by a resistance line, identified by two points: 6.880 and 7.390, and is currently resisting at 6.574.
NANZHI FUJIAN CO. ‘A’CNY1 (600163.SS) Mid term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 6.500 and 6.120,resistance between 7.390 and 6.940 which was broken down at 6.700 in higher than usual volume.
NANZHI FUJIAN CO. ‘A’CNY1 (600163.SS) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
NANZHI FUJIAN CO. ‘A’CNY1 (600163.SS) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 6.31, 6.42, 6.51, 6.57, 6.59, 6.67, 6.88, 6.90, 7.43.
Stock Support levels :.