Today we will analyze the stock BEIJING HUAYE REAL ‘A’CNY1 (600240.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in BEIJING HUAYE REAL ‘A’CNY1 (600240.SS)
1- Last bearish trend was from 4.48 $ (11/2/2012) to 4.12 $ (11/8/2012) a 0.36 $ move 2- The current bullish trend started from 4.12 $ at 11/8/2012 and is currently trading at 4.34 $.
3- 600240.SS current support level is at 4.30 which is the 50.00 % fibonacci retracement of the last 0.36 $ move.
4- 600240.SS current resistance level is at 4.34 which is the 61.80 % fibonacci retracement of the last 0.36 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
BEIJING HUAYE REAL ‘A’CNY1 (600240.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 4.120 and 3.730, and is currently supporting at 4.166.
BEIJING HUAYE REAL ‘A’CNY1 (600240.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 3.730 and 3.580, and is currently supporting at 3.934.
BEIJING HUAYE REAL ‘A’CNY1 (600240.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.860 $ height triangle which was broken up at 3.870 in higher than usual volume, target of the pattern is 4.730.

Stock Trading Conclusion:
BEIJING HUAYE REAL ‘A’CNY1 (600240.SS) was trading in a strong 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 : 4.34, 4.48, 4.58, 4.70, 4.73.
Stock Support levels : 4.30, 4.29, 4.26, 4.26, 4.23, 4.20, 4.20, 4.17, 4.12, 3.93, 3.58,.