Today we will analyze the stock TIANCHENG CO ‘A’CNY1 (600392.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in TIANCHENG CO ‘A’CNY1 (600392.SS)
1- Last bullish trend was from 9.30 $ (1/16/2012) to 10.19 $ (1/17/2012) a 0.89 $ move 2- The current bearish trend started from 10.19 $ at 1/17/2012 and is currently trading at 9.82 $.
3- 600392.SS current support level is at 9.74 which is the 50.00 % fibonacci retracement of the last 0.89 $ move.
4- 600392.SS current resistance level is at 9.85 which is the 38.20 % fibonacci retracement of the last 0.89 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
TIANCHENG CO ‘A’CNY1 (600392.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 2.120 $ height triangle which was broken up at 10.170, target of the pattern is 12.290.
TIANCHENG CO ‘A’CNY1 (600392.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 9.300 and 8.770, and is currently supporting at 9.754.
TIANCHENG CO ‘A’CNY1 (600392.SS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 10.240 $ height triangle which was broken up at 10.170, target of the pattern is 20.410.

Stock Trading Conclusion:
TIANCHENG CO ‘A’CNY1 (600392.SS) was trading in a strong 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 : 9.85, 9.91, 9.96, 9.98, 10.00, 10.05, 10.19, 12.29, 20.41.
Stock Support levels : 9.75, 9.74, 9.64, 9.34, 9.31, 9.30, 9.06,.