Today we will analyze the stock SHANDONG NANSHAN A ‘A’CNY1 (600219.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in SHANDONG NANSHAN A ‘A’CNY1 (600219.SS)
1- Last bearish trend was from 8.10 $ (3/5/2012) to 6.99 $ (3/29/2012) a 1.11 $ move 2- The current bullish trend started from 6.99 $ at 3/29/2012 and is currently trading at 7.85 $.
3- 600219.SS current support level is at 7.68 which is the 61.80 % fibonacci retracement of the last 1.11 $ move.
4- 600219.SS current resistance level is at 8.10 which is the 100.00 % fibonacci retracement of the last 1.11 $ move.
5- According to ADX Indicator, the trend is currently 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.
SHANDONG NANSHAN A ‘A’CNY1 (600219.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 6.990 .
SHANDONG NANSHAN A ‘A’CNY1 (600219.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 6.990 and 6.220, and is currently supporting at 7.284.
SHANDONG NANSHAN A ‘A’CNY1 (600219.SS) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 6.990 and 6.220, and is currently supporting at 7.284.

Stock Trading Conclusion:
SHANDONG NANSHAN A ‘A’CNY1 (600219.SS) was trading in a 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 : 8.10, 8.40, 8.79.
Stock Support levels : 7.68, 7.65, 7.55, 7.52, 7.42, 7.41, 7.32, 7.28, 7.25, 7.01, 7.00, 6.99, 6.99,.