Today we will analyze the stock SHENYANG JINSHAN E ‘A’CNY1 (600396.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in SHENYANG JINSHAN E ‘A’CNY1 (600396.SS)
1- Last bearish trend was from 6.60 $ (1/10/2012) to 6.12 $ (1/16/2012) a 0.48 $ move 2- The current bullish trend started from 6.12 $ at 1/16/2012 and is currently trading at 6.58 $.
3- 600396.SS current support level is at 6.42 which is the 61.80 % fibonacci retracement of the last 0.48 $ move.
4- 600396.SS current resistance level is at 6.60 which is the 100.00 % fibonacci retracement of the last 0.48 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
SHENYANG JINSHAN E ‘A’CNY1 (600396.SS) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 6.120 .
7- The Stock formed a 1.820 $ height triangle which was broken up at 6.330, target of the pattern is 8.150.
SHENYANG JINSHAN E ‘A’CNY1 (600396.SS) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 6.120 .
9- The Stock formed a 2.020 $ height triangle which was broken up at 6.330, target of the pattern is 8.350.
SHENYANG JINSHAN E ‘A’CNY1 (600396.SS) Long term stock chart patterns for internet stock trading :

10- The Stock was resisted by a resistance line, identified by two points: 8.120 and 8.960, and is currently resisting at 7.165.

Stock Trading Conclusion:
SHENYANG JINSHAN E ‘A’CNY1 (600396.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 : 6.60, 6.73, 6.90, 7.17, 8.15, 8.35.
Stock Support levels : 6.47, 6.42, 6.40, 6.36, 6.35, 6.30, 6.30, 6.23, 6.15, 6.12,.