Today we will analyze the stock GUANGZHOU DONGHUA ‘A’CNY1 (600393.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in GUANGZHOU DONGHUA ‘A’CNY1 (600393.SS)
1- Last bullish trend was from 5.49 $ (4/24/2012) to 6.46 $ (4/26/2012) a 0.97 $ move 2- The current bearish trend started from 6.46 $ at 4/26/2012 and is currently trading at 5.91 $.
3- 600393.SS current support level is at 5.86 which is the 61.80 % fibonacci retracement of the last 0.97 $ move.
4- 600393.SS current resistance level is at 5.97 which is the 50.00 % fibonacci retracement of the last 0.97 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
GUANGZHOU DONGHUA ‘A’CNY1 (600393.SS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 5.490 and 4.920, and is currently supporting at 5.734.
GUANGZHOU DONGHUA ‘A’CNY1 (600393.SS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 4.920 and 4.800, and is currently supporting at 5.138.
GUANGZHOU DONGHUA ‘A’CNY1 (600393.SS) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 4.920 and 4.800, and is currently supporting at 5.138.

Stock Trading Conclusion:
GUANGZHOU DONGHUA ‘A’CNY1 (600393.SS) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 5.97, 6.04, 6.09, 6.12, 6.18, 6.23, 6.25, 6.46,.
Stock Support levels : 5.86, 5.73, 5.49, 5.23, 5.14, 4.92,.