Today we will analyze the stock ANYUAN INDUSTRIAL ‘A’CNY1 (600397.SS) for internet stock trading in the SS stock market,
Stock Technical indicators to notice in ANYUAN INDUSTRIAL ‘A’CNY1 (600397.SS)
1- Last bearish trend was from 16.30 $ (4/18/2012) to 15.61 $ (4/24/2012) a 0.69 $ move 2- The current bullish trend started from 15.61 $ at 4/24/2012 and is currently trading at 17.39 $.
3- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
ANYUAN INDUSTRIAL ‘A’CNY1 (600397.SS) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 15.610 and 14.110, and is currently supporting at 16.210.
ANYUAN INDUSTRIAL ‘A’CNY1 (600397.SS) Mid term stock chart patterns for internet stock trading :

None.
ANYUAN INDUSTRIAL ‘A’CNY1 (600397.SS) Long term stock chart patterns for internet stock trading :

5- The Stock formed Double Top Pattern at 16.120 that failed, and formed a support .
6- The Stock formed a 4.450 $ height triangle which was broken up at 16.500 in higher than usual volume, target of the pattern is 20.950.

Stock Trading Conclusion:
ANYUAN INDUSTRIAL ‘A’CNY1 (600397.SS) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , 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 : 20.95.
Stock Support levels : 16.97, 16.71, 16.50, 16.29, 16.21, 16.12,.