Today we will analyze the stock HAINAN AIRLINES ‘A’CNY1 (600221.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in HAINAN AIRLINES ‘A’CNY1 (600221.SS)
1- Last bearish trend was from 5.33 $ (2/27/2012) to 4.34 $ (3/29/2012) a 0.99 $ move 2- The current bullish trend started from 4.34 $ at 3/29/2012 and is currently trading at 4.92 $.
3- 600221.SS current support level is at 4.84 which is the 50.00 % fibonacci retracement of the last 0.99 $ move.
4- 600221.SS current resistance level is at 4.95 which is the 61.80 % fibonacci retracement of the last 0.99 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
HAINAN AIRLINES ‘A’CNY1 (600221.SS) Short term stock chart patterns for internet stock trading :

None.
HAINAN AIRLINES ‘A’CNY1 (600221.SS) Mid term stock chart patterns for internet stock trading :

None.
HAINAN AIRLINES ‘A’CNY1 (600221.SS) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 2.040 $ height triangle which was broken up at 4.880 in higher than usual volume, target of the pattern is 6.920.

Stock Trading Conclusion:
HAINAN AIRLINES ‘A’CNY1 (600221.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 : 4.95, 5.33, 5.60, 5.94, 6.92.
Stock Support levels : 4.84, 4.78, 4.76, 4.72, 4.70, 4.63, 4.57, 4.56, 4.34,.