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 bullish trend was from 4.20 $ (2/27/2014) to 4.54 $ (3/4/2014) a 0.34 $ move 2- The current bearish trend started from 4.54 $ at 3/4/2014 and is currently trading at 4.24 $.
3- 600240.SS current support level is at 4.20 which is the 100.00 % fibonacci retracement of the last 0.34 $ move.
4- 600240.SS current resistance level is at 4.33 which is the 61.80 % fibonacci retracement of the last 0.34 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
BEIJING HUAYE REAL 'A'CNY1 (600240.SS) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 4.200 .
BEIJING HUAYE REAL 'A'CNY1 (600240.SS) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 1.290 $ height triangle which was broken down at 4.240, target of the pattern is 2.950.
BEIJING HUAYE REAL 'A'CNY1 (600240.SS) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 4.810 and 5.490, and is currently resisting at 4.714.

Stock Trading Conclusion:
BEIJING HUAYE REAL 'A'CNY1 (600240.SS) was trading in a bearish 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 : 4.31, 4.33, 4.35, 4.37, 4.38, 4.39, 4.41, 4.43, 4.46, 4.54, 4.71.
Stock Support levels : 4.20, 4.11, 3.99,.