Today we will analyze the stock JIANGSU SANFANGXIA ‘A’CNY1 (600370.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in JIANGSU SANFANGXIA ‘A’CNY1 (600370.SS)
1- Last bearish trend was from 5.08 $ (3/19/2012) to 4.45 $ (3/29/2012) a 0.63 $ move 2- The current bullish trend started from 4.45 $ at 3/29/2012 and is currently trading at 5.12 $.
3- 600370.SS current support level is at 5.08 which is the 100.00 % fibonacci retracement of the last 0.63 $ move.
4- 600370.SS current resistance level is at 5.25 which is the 127.20 % fibonacci retracement of the last 0.63 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
JIANGSU SANFANGXIA ‘A’CNY1 (600370.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5.080 and 5.470 that was broken up at 4.610 transforming into a supporting line.
JIANGSU SANFANGXIA ‘A’CNY1 (600370.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 4.450 and 4.150, and is currently supporting at 4.581.
JIANGSU SANFANGXIA ‘A’CNY1 (600370.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 2.370 $ height triangle.

Stock Trading Conclusion:
JIANGSU SANFANGXIA ‘A’CNY1 (600370.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 : 5.25, 5.47.
Stock Support levels : 5.08, 4.96, 4.86, 4.84, 4.78, 4.76, 4.71, 4.69, 4.60, 4.58, 4.45,.