Today we will analyze the stock BEIQI FOTON MOTOR ‘A’CNY1 (600166.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in BEIQI FOTON MOTOR ‘A’CNY1 (600166.SS)
1- Last bearish trend was from 7.50 $ (4/13/2012) to 7.19 $ (4/17/2012) a 0.31 $ move 2- The current bullish trend started from 7.19 $ at 4/17/2012 and is currently trading at 8.12 $.
3- According to ADX Indicator, the trend is currently strong bullish, 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.
BEIQI FOTON MOTOR ‘A’CNY1 (600166.SS) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 1.410 $ height triangle which was broken up at 7.540 in higher than usual volume, target of the pattern is 8.950.
BEIQI FOTON MOTOR ‘A’CNY1 (600166.SS) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 6.580 and 6.260, and is currently supporting at 6.762.
BEIQI FOTON MOTOR ‘A’CNY1 (600166.SS) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 2.610 $ height triangle which was broken up at 8.010 in higher than usual volume, target of the pattern is 10.620.

Stock Trading Conclusion:
BEIQI FOTON MOTOR ‘A’CNY1 (600166.SS) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 8.95, 10.62.
Stock Support levels : 7.93, 7.90, 7.76, 7.65, 7.55, 7.19, 7.18,.