Today we will analyze the stock NINGXIA HENGLI STE ‘A’CNY1 (600165.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in NINGXIA HENGLI STE ‘A’CNY1 (600165.SS)
1- Last bearish trend was from 7.38 $ (4/25/2012) to 6.99 $ (4/27/2012) a 0.39 $ move 2- The current bullish trend started from 6.99 $ at 4/27/2012 and is currently trading at 7.20 $.
3- 600165.SS current support level is at 7.18 which is the 50.00 % fibonacci retracement of the last 0.39 $ move.
4- 600165.SS current resistance level is at 7.23 which is the 61.80 % fibonacci retracement of the last 0.39 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
NINGXIA HENGLI STE ‘A’CNY1 (600165.SS) Short term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 6.990 and 6.880,resistance between 7.380 and 7.280, the stock channel is currently supported from below by 7.100 and resisted from above by 7.547.
NINGXIA HENGLI STE ‘A’CNY1 (600165.SS) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 6.780 and 6.360, and is currently supporting at 6.960.
NINGXIA HENGLI STE ‘A’CNY1 (600165.SS) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bearish stock channel identifed by support at 6.160 and 7.430,resistance between 7.930 and 9.590 which was broken up at 7.200.

Stock Trading Conclusion:
NINGXIA HENGLI STE ‘A’CNY1 (600165.SS) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 7.23, 7.38, 7.49, 7.62.
Stock Support levels : 7.19, 7.18, 7.15, 7.14, 7.12, 7.09, 7.08, 7.07, 6.99,.