Today we will analyze the stock ANHUI QUANCHAI EN ‘A’CNY1 (600218.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in ANHUI QUANCHAI EN ‘A’CNY1 (600218.SS)
1- Last bullish trend was from 15.15 $ (3/29/2012) to 15.70 $ (4/6/2012) a 0.55 $ move 2- The current bearish trend started from 15.70 $ at 4/6/2012 and is currently trading at 15.21 $.
3- 600218.SS current support level is at 15.15 which is the 100.00 % fibonacci retracement of the last 0.55 $ move.
4- 600218.SS current resistance level is at 15.36 which is the 61.80 % fibonacci retracement of the last 0.55 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ANHUI QUANCHAI EN ‘A’CNY1 (600218.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 2.970 $ height triangle which was broken down at 15.390, target of the pattern is 12.420.
ANHUI QUANCHAI EN ‘A’CNY1 (600218.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 4.400 $ height triangle which was broken up at 14.270 in higher than usual volume, target of the pattern is 18.670.
ANHUI QUANCHAI EN ‘A’CNY1 (600218.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 4.930 $ height triangle which was broken up at 14.270 in higher than usual volume, target of the pattern is 19.200.

Stock Trading Conclusion:
ANHUI QUANCHAI EN ‘A’CNY1 (600218.SS) was trading in a bullish wave, which is becoming weaker .
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 : 15.33, 15.36, 15.40, 15.42, 15.45, 15.49, 15.51, 15.57, 15.70, 16.19, 18.67, 19.20.
Stock Support levels : 15.15, 15.00, 14.81, 12.42, 12.31,.