Today we will analyze the stock SHAANXI QINLING CE ‘A’CNY1 (600217.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in SHAANXI QINLING CE ‘A’CNY1 (600217.SS)
1- Last bullish trend was from 3.34 $ (3/29/2012) to 4.00 $ (4/20/2012) a 0.66 $ move 2- The current bearish trend started from 4.00 $ at 4/20/2012 and is currently trading at 3.46 $.
3- 600217.SS current support level is at 3.34 which is the 100.00 % fibonacci retracement of the last 0.66 $ move.
4- 600217.SS current resistance level is at 3.59 which is the 61.80 % fibonacci retracement of the last 0.66 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SHAANXI QINLING CE ‘A’CNY1 (600217.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 4.000 and 4.060, and is currently resisting at 3.977.
SHAANXI QINLING CE ‘A’CNY1 (600217.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 1.400 $ height triangle which was broken down at 3.360 in higher than usual volume, target of the pattern is 1.960.
SHAANXI QINLING CE ‘A’CNY1 (600217.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.510 $ height triangle which was broken down at 3.360 in higher than usual volume, target of the pattern is 1.850.

Stock Trading Conclusion:
SHAANXI QINLING CE ‘A’CNY1 (600217.SS) was trading in a bearish wave, which is becoming stronger .
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 : 3.52, 3.53, 3.59, 3.59, 3.67, 3.67, 3.73, 3.75, 3.79, 3.84, 3.98, 4.00,.
Stock Support levels : 3.34, 3.16, 2.93, 1.96,.